I truly hope so, even if it does drop, im not selling my holding at this stage i bought a decent amount at 4c, so if i sold at 8c now capital gains will eat up those profits lol, I just figure a drop "MAY" be coming just purely to A reset the RSI for a decent push up past the 8c resistance, and B because I feel at this stage nothing much has changed, i do feel that 8c is definetly fair value, anything higher is pricing for future growth (alot of stocks actually have priced in future growth) so it is a possibility to move higher, but I know instos like to play games so dont feel like they are happy with current retail% so may want to screw some more quickly before sending it up, as some retail do not know how to read forecasts and only act on a negative earnings.
That said in 2022 December quarterly we had around 150m in cash, by march 2023 we had around 98m cash this stayed relatively the same till around September 2023 where we had 200m, then in December 2023 we had around 150m , so essentially we have stayed around the same, not sure what theve spent since then though, vs what they have recieved so the earnings may be up or down, but based on a quarterly basis it could be down as they are still trying to bring down costs, however lithium price is due to turn, and with that SYA's earnings, once it does then forecasts will be higher.
SYA Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
(20min delay)