There is no such thing as a bad deal that enabled a minnow with a MC of $25m at the time to secure a place at the Lithium table 8n a top jurisdiction plus early revenue and has a backstop in place which secures a bigger slice of the Pie further down the track.
Time to move on and be gratefull we have revenue and not dwell on a deal that was done in different times . Owning 75% of a JV that provides a long term future is better than 100% of nothing ...
The arrangement has been known about for years so anyone investing in SYA has done so with that knowledge avaliable.
Effectively we have a net 85,000tpa ( about what CXO is currently doing) to sell at market or spot prices and a net 85,000tpa to send to PLL at a fixed price untill a refinery is built. Unless you hear otherwise that's how it is .
Cheers Whisky
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Last
3.5¢ |
Change
0.004(12.9%) |
Mkt cap ! $360.2M |
Open | High | Low | Value | Volume |
3.2¢ | 3.7¢ | 3.2¢ | $3.583M | 104.2M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 5222047 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 3114773 | 17 |
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No. | Vol. | Price($) |
---|---|---|
37 | 5222047 | 0.035 |
27 | 15134780 | 0.034 |
26 | 7161292 | 0.033 |
30 | 10087485 | 0.032 |
31 | 9500991 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 3114773 | 17 |
0.037 | 5051036 | 20 |
0.038 | 7409477 | 15 |
0.039 | 4257398 | 22 |
0.040 | 6815496 | 25 |
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