SYA is alot more resilient than others that were victims of previous price crunches(Altura), and current ones too. The difference comes down to debt levels. Not having debt and having a pool of cash to call on in these times of low prices gives a company the option to either produce at break even or at a loss for a short period or go into care and maintenance or as in SYA case ramp up production to reduce costs per tonne so that you make a small profit.
I know JB didn't have these options open to him at Altura, so I'm comfortable that with SYA he can steer us through this period.
I bought my last parcel at the previous drop to low 5's , and feel that another top up could be on the cards.
It's funny that the lower the price gets, the less absurd the offtake agreement with PLL appears. I just would suggest that if a future offtake agreement is entered into, that the BOD go with something with a higher ceiling and a mechanism to be able to review pricing levels every couple of years based on prevailing spot prices.
Christopher
SYA is alot more resilient than others that were victims of...
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Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $339.6M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.2¢ | $1.115M | 34.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 131 | 21151240 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 1618716 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
0.001 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| 3.3¢ | 3.4¢ | 3.2¢ | 21020600 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SYA (ASX) Chart |