Hey Guys,
Just dropping in again as I very much have less time for SYA these days. There is far better time to spend on other things than a stock with no return. Has anyone chased up the board on the ramp up and what they used to assess a strength in lithium prices. The prices have been heading in a month to month downward trend again. So what research did they use to justify ramp up? It appears SYA has been pumped full of shares on issue via ordinary peoples hard earned and the only beneficiaries of this are the BoD via remuneration and our JV partner securing life of mine offtake at peanuts.
So why did we actually go ahead with ramp up when we could be in a capital preservation point at this stage? If lithium prices are lower for longer, what is managements plan if any to keep SYA afloat?
Operating into a slowdown in demand was always a risky decision, I wonder why more scrutiny hasnt gone into this. Operating for the sake of operating doesnt make a company profitable, have growth or improve our financial position. More questions need to be asked and pressed on our current BoD regarding why they choose this option.
As I have stated before, if we chew through good ore during a down turn then need drill costs and to find more resource when things get good. With equipment that has been run into the ground????
I personally am done with this BoD. The stock I invested in at 27c looked set for Carbonate in the mid term and had offtakes pending. We now have no offtakes, no direction towards or even wording on carbonate and a management team that cant decide which company to siphon the most money from.
Will be voting against in the hope of a board spill next AGM as I would rather a possibility of a future under new management than this slow inevitable demise we are in ATM. Perhaps the new management wont have any arms length relations with KP and PLL and perhaps they can steer this bus towards carbonate before its no longer a possibility.
- Forums
- ASX - By Stock
- SYA
- General Discussion Topics
General Discussion Topics, page-140293
-
- There are more pages in this discussion • 2,290 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYA (ASX) to my watchlist
|
|||||
Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $267.6M |
Open | High | Low | Value | Volume |
2.5¢ | 2.7¢ | 2.5¢ | $1.316M | 50.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2045173 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 10890743 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2045173 | 0.026 |
32 | 9073464 | 0.025 |
31 | 10854714 | 0.024 |
26 | 5596869 | 0.023 |
23 | 5730236 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 8340743 | 30 |
0.028 | 4227348 | 14 |
0.029 | 3858602 | 19 |
0.030 | 8752601 | 29 |
0.031 | 6474299 | 12 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |