Cash burn of ~$A23M minus the value of the ~22,000t still to be sold. Assuming the 22,000t was sold all on the spot market for the $A604 figure then another $A13.3M goes to SYAQ, of which $A10M would be SYA's. Hence SYA cash burn effectively ~$A13M rather than the ~$A23M you quoted. Again, not ideal, but not as bad as you would have it. The spot sales were the main contributor to that cash burn, basically due to the high cost to ship to China.
As I previously mentioned, the next 6 months will have very limited spot sales, if any, and the PLL offtake deal will actually be a 'blessing in disguise' effectively. Who would have thought? Additionally, further progress towards lowering Unit Production Costs will also assist to reduce any cash burn, although exploration costs will possibly have the opposite affect and continue to burn some of the current $A91M cash reserve.
- Forums
- ASX - By Stock
- General Discussion Topics
Cash burn of ~$A23M minus the value of the ~22,000t still to be...
-
- There are more pages in this discussion • 4 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
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.0M |
Open | High | Low | Value | Volume |
3.1¢ | 3.2¢ | 3.0¢ | $387.9K | 12.53M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
132 | 32722260 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 816559 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
131 | 32622260 | 0.030 |
62 | 9011334 | 0.029 |
47 | 4466552 | 0.028 |
16 | 3224927 | 0.027 |
7 | 3587619 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 816559 | 6 |
0.032 | 6207100 | 29 |
0.033 | 5118430 | 25 |
0.034 | 7896004 | 27 |
0.035 | 10501976 | 36 |
Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |