No doubt that battery tech will continue to be consumed with increasing premiums. Just look at how much the new Iphones are to buy, plus the portable battery packs. However, large scale battery tech and renewable energy has to compete with comparatively low hyrocarbon prices.
Why buy an expensive new hybrid car when you can just buy cheap gasoline/petrol for your older car which is also cheaper to maintain and insure.
Smart phones are revolutionary, they do more things than the older mobile phones do. As a result we need more power and compact options. However, we can still get smart cars to replace dumb cars that are still drive by hydrocarbons and not battery. The range of electric cars is still dismal compared to hyrocarbon options. My point here is that I think the premium paid to the battery market will not be a high as many are speculating. SYR, like FMG have an advantage of scale and ability to secure market share, I am not expecting SYR to turn into a gold mine.
I will change my sentiment to hold as the SP should stabilise within a new trading range, though I do see more downside if production is delayed.
Chart - Downtrend weakening ?, page-13
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $222.5M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.5¢ | $329.4K | 1.501M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 153239 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 98001 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 153239 | 0.215 |
12 | 247330 | 0.210 |
14 | 692432 | 0.205 |
32 | 924296 | 0.200 |
17 | 1016363 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 98001 | 3 |
0.225 | 38379 | 2 |
0.230 | 97615 | 5 |
0.235 | 222500 | 5 |
0.240 | 292938 | 9 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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