sorry Whiskers going to have to put you on ignore. You have rose...

First 151 Last

Share
Profile

Follow
Kevo88

3,060 Posts.

1117

27/04/24

19:50

Post #: 73539410
Share

sorry Whiskers going to have to put you on ignore. You have rose coloured glasses on and think me pointing out current spot price still being low is an “emotional rant” or that this last quarterly wasnt overbleed….

current pricing should again have been the no1 review point. Not the capex costs and staff. They all come second. As i said, unless you can forsee good prices. The rest is all incidental. An operating atm in a low price environment when ramp up required cash and hoping for higher prices is purely director negligence with SH funds.

cheers

Originally posted by Whisky49: ↑

A very good rational post pondering the questions that should be pondered and not an emotional rant which changes nothing.
This is lust a small mining JV re starting a a Lithium project with a troubled past so was never going to be easy, all mines can make money if the price is right but survival is all about dealing with low prices not high prices and we are not there yet and aren't expected to be untill sometime in the second half of this CY.
We dont even know what " there" is yet but needs to be close to $US700t IMO and we simply won't know what our final ASIC will be untill everything is settled in at nameplate for a cou0le of quarters.

There are a few things should see production costs head down over the year.

1: Stockpiles at the ROM are at good levels and likely only need to be maintained going forward, this buildup has distorted mining costs over the last two quarters and that should end.
2: Spring has arrived in Canada so mining gets easier and the dome will help next winter and they will have had a winters worth of experience..ramp ups are very challenging, according to BL we were on target for nameplate last August/ September.!!
3: Now they have decided to proceed with Commissioning the jaw crusher that along with the Dome and the re feed, which are already in the process of Commissioning plus increased production will progressively lower production costs...if not we are toast in a low price environment.
4: Add to that a continuing reduction in capex.
5: They will be through underground section of the mine which will reduce mining costs.
6: QP final payments will favour us if spod prices rise.
7: Most parameters at the mine with the big exception being mill utilisation and the above is largely all about improving that.. Would also be nice to see 5.5% or better.
8: Production is on the rise which is not always great if selling at a loss but is a requirement to reduce costs, such is life as a miner.

So on the cost front there is plenty of scope for reductions , on the spod price front we are at the mercy of the market, as always. The spot market is not the ideal place during a product surplus but can be the best in a time of shortage.The aim is an OTA with a more stable profile.

The World hasn't has ended, we are still in production , have around $112m in cash and no debt but it's certainly not a comfortable position to be in.
I have done and still do believe we have the right people in place for what we need to have done at the moment , one thing I would like to see the new PR man do is bring in a quarterly conference call where questions can be asked.

Cheers Whisky

Expand

SYA Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 112 more messages in this thread...

First 151 Last

Add SYA (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change 0.003(8.11%)		Mkt cap ! $411.7M

Open	High	Low	Value	Volume
3.7¢	4.0¢	3.6¢	$3.200M	82.87M

Buyers (Bids)

No.	Vol.	Price($)
9	1663807	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	2719252	18

View Market Depth

No.	Vol.	Price($)
9	1663807	0.039
17	5474389	0.038
19	2752064	0.037
20	3648956	0.036
32	4387072	0.035

Price($)	Vol.	No.
0.040	2719252	18
0.041	8992670	33
0.042	9648129	38
0.043	8148329	22
0.044	12211926	20

Last trade - 16.10pm 09/05/2024 (20 minute delay)


Last 4.0¢		Change 0.003 ( 8.99 %)
Open	High	Low	Volume
3.7¢	4.0¢	3.7¢	35265321
Last updated 15.59pm 09/05/2024 ?

SYA (ASX) Chart

sorry Whiskers going to have to put you on ignore. You have rose...

Featured News

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

UNITH's digital humans expand into Amazon; Facebook

Recce breathes better on positive lung infection drug pilot test results

Raiden opens door to private Mallina in win-win Arrow Gold divestment

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Buyers (Bids)

Sellers (Offers)

Featured News

sorry Whiskers going to have to put you on ignore. You have rose...

Featured News

Top Stories

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

UNITH's digital humans expand into Amazon; Facebook

Recce breathes better on positive lung infection drug pilot test results

Raiden opens door to private Mallina in win-win Arrow Gold divestment

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Buyers (Bids)

Sellers (Offers)

Featured News