I dont think the board care at this point.
The AGM put them on notice last year and now it appears they are operating in contempt of shareholders and will be more than happy to dilute us further and spend what they can and access any and all ATM facility they can get their hands on until the next AGM strike 2 and a likely outst of the entire current board.
I dont know of any businesses that run a "ramp up" decision on "anticipation" of price changes. Its a big gamble to make in any industry, let alone an establishing market that is lithium with huge volatility.... its again complete negligence and lacks any respect to shareholder funds.
TBH I am surprised none of the large insto holders have not attempted an EGM at this point. Perhaps they are making enough money on the short selling fees they dont need to worry about if this ends up broke.
Given the higher than expected opex last quarter and the expected continuation of some higher expenses. The reality of SYAs situation is we dont have much funds left all in anticipation of a change that may never come about.... Absolutely astounding an ASX listed can be operated in this manner to put it bluntly.
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I dont think the board care at this point.The AGM put them on...
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Last
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Mkt cap ! $483.7M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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3 | 948438 | 4.6¢ |
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Price($) | Vol. | No. |
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14 | 3281745 | 0.045 |
21 | 5447996 | 0.044 |
22 | 5324044 | 0.043 |
35 | 6106441 | 0.042 |
Price($) | Vol. | No. |
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0.047 | 3284849 | 24 |
0.048 | 5694411 | 29 |
0.049 | 4238676 | 20 |
0.050 | 14189300 | 45 |
0.051 | 1855647 | 13 |
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