Shorters won't be in any rush IMO. There is no positive cashflow from Balama or Vidalia, and potentially won't be this calendar year. We have no idea how long qualification will take, and that is after they have ironed out any production issues.
Good announcement but not unexpected and I wouldn't be surprised it the shorter take the opportunity to sell more into it.
Broker report is using US$850 for their Balama long run price. Haven't seen that kind of level all that often over the past 5 years.
Dont want to rain on anybodies parade but far too much rocket ship hype.
Shorters won't be in any rush IMO. There is no positive cashflow...
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Last
43.5¢ |
Change
-0.015(3.33%) |
Mkt cap ! $450.1M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 43.5¢ | $3.070M | 6.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90770 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 28271 | 4 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
43.8¢ |
Change
-0.015 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 45.8¢ | 46.0¢ | 43.5¢ | 1959951 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| SYR (ASX) Chart |