I couldnt agree more, how only negativity was taken out of this...

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Vodski

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08/09/23

08:44

Post #: 69779639
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Originally posted by Whisky49: ↑

Having gone through the shipping update again , aside from what they can't say through commercial confidentiality, it is actually very informative and encouraging .

1: NAL joint venture is currently reviewing its forecast production and sales in light of the ramp-up performance as well as the impact of continuous improvement initiatives."

That implies nameplate will go beyond 226,000tpa, that has already been hinted at by Brett but is nice to see again, it can only be positive for revenue and reduced production costs.

2: "The current port inventory plus the positive additional product volume from mine production will be sufficient for an upcoming cargo for the NAL joint venture in late September / October 2023 (dates to be confirmed).
We are focused on continuing to safely ramp-up production at NAL and consistently delivering high quality spodumene concentrate to port ahead of multiple shipments planned for the remainder of the year,"

Given the next two shipments of 15,000t each are for PLL I was expecting the next JV shipment a bit later than that, be interesting to see the shipment size. All shipments are good shipments and the more the better.

While many seem to spend their days finding fault with the company they have shares in or in some cases don't hold at all, progress is going on exactly as they said it would and in some cases better, the shareprice largelyn eflects the decline in Lithium price and its direct relation to future earnings hence value, not progress being made and is seen in most Lithium stocks at the moment for obvious reasons....of course management is to blame for the Lithium price decline...

If ones going to own a share there is no harm in being critical but there is also no harm in being realistic , the shareprice couldn't give a stuff whatever we think anyway, It will range from undervalued to overvalued based on market norms largely driven by the price of the product sold...what we think is fair value and what the market thinks are often not the same.

There is always a lot going on behind the scenes that we will never be privy to untill it results in something, it maybe frustrating but it's how business is done when dealing with third parties..

The company is in good financial shape and as far as I'm concerned despite recent board room disruptions ( they are hardly SYA specific) is still in good hands, we didn't get to production , in partial possession of two hubs and a huge growth in resource numbers by luck...

Cheers Whisky

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I couldnt agree more, how only negativity was taken out of this week's announcement by many is amazing to me.

SYA Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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I couldnt agree more, how only negativity was taken out of this...

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I couldnt agree more, how only negativity was taken out of this...

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