Baffled to see that the SYAOTC trades at close to 10% higher than the ASX trading price
The US OTC market traded at 2.7US cents equivalent to a close 4.2AU cents. Volume was also about 55% above 65days average. Still minimal from the grand scheme of things.
If only there is arbitrage opportunity..
Still crazy given that spod price moved more than USD30/t yesterday but this stock is still under short selling pressure.
Say they did a shipment to a customer beginning of March, spod price was 960 USD/t back then. Since their contracts are priced at landing, as of today a 20kt shipment is worth ~USD3m more or ~AUD4.5m straight to the kitty. And it seems spod price is still heading north from recent Albamere and PLS auction.
General Discussion Topics, page-136159
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Last
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $311.6M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.9¢ | 2.6¢ | $957.6K | 34.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1364903 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 2150000 | 3 |
View Market Depth
| Last trade - 16.10pm 27/12/2024 (20 minute delay) ? |
| SYA (ASX) Chart |
