General Discussion Topics, page-133165

I agree. As stated my numbers are a forecast. In my view the key takeaway is that the operating performance is quite likely to be substantially negative in Q3 & Q4 FY24. Exploration & CAPEX will degrade the bank balance to a greater or lessor extent. We also need to see Balance Sheet as at 31/12/24 to get an idea on the level of Current Liabilities which will require cash to settle.
THE BOD cannot allow SYA to operate at a Negative Operating Flow for a prolonged period. The ultimate consequences are obvious so they will have to take major strategic action very shortly. Options are:
1. Takeover by a someone with deep fiscal pockets (Unlikely to be done at a premium to existing SP)
2. Put mine on C&M until SC6 price improves.
3. CR at a substantially discounted price.
4. Debt funding under the umbrella of the IRA (possible because of the strategic nature of SYA's Li production)
5. Merger with PLL to form major US focused Lithium powerhouse and attract IRA funding. (PLL would divest all non US assets)

Time is of the essence here so I suspect we can expect an annoucement from SYA by end of 3/24.

IMO only