We have been without dedicated leadership for 9 months now, I would argue that we are in a far more stable position compared with Core who had to put there mine into C&M.
If you don't think the current is dedicated to SYA's future then sell. What you really meant to say is they haven't got a new CEO yet which means diddly squat at this point, when a suitable candidate comes along it will happen and that will be helped by first proving the operation is viable.
We are still awaiting a new Chairman and that was expected to be first so he/she could have a say in a new CEO.
A lot has happened in the last 8 months that has completely changed the landscape and total focus has been on survival and still is , nothing can progress without a viable mine and the resulting cashflow.
Comparing SYA with CXO is pointless they are two different companies in two different jurisdictions and SYA has downstream ambitions/ requirements and another large project, CXO is just trying to avoid full C&M and given spod prices and rapidly dwindling stockpile that's looking unlikely IMO unfortunately, the new CEO has a real challenge ahead, I hope they succeed.
Cheers whisky
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25 | 5154429 | 0.029 |
Price($) | Vol. | No. |
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