I'm optimistic there won't be another CR for a while ... well purely to keep the lights on anyway ( vidilia FID might be a different story)
The march CR was smart to keep money in the bank and to funding balama awaiting 150m loan from DFC for 'working and operating capital ' of the mine.
2024 is set to be a disastrous year for battery minerals however if we can secure this loan we are set for early 2027 where the story begins .
this is the biggest patience / and hold investment and also very much dependent on a lot of favourable market conditions toward NG.
when the loan lands pile in and wait !
don't forget SYR have had 7 years practice with an operating NG mine .. got to count for something in the market when looking for supply.
I'm optimistic there won't be another CR for a while...
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Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $1.802M | 7.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1034048 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 443295 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |