I should mention as well. I'm no accountant but have done some ratio analysis and budget in my time... However, digging a little deeper into the recent quarterly, they have ~$3.4m in cash and no debt and are spending ~$500,000 a quarter in activities. I expect this to go up once they begin processing and the actual mining. So maybe their could be another capital raise on the table after the DFS?
Also, does anyone know when the WA drilling results will be out or when they can expect to forecast how much much lithium is in the deposit?
Fundamental Analysis - SYA, page-8
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.2M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.4¢ | $1.607M | 46.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4668541 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 2167024 | 9 |
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| SYA (ASX) Chart |