Correct. The table below is from Cyclops Trader on Twitter.
We aren't even halfway through the quarter and SC6 is already at $865/t (and falling) which makes SYA's SC5.3 ~ $730/t as @ today (and this is before you consider that SYA always sells its spod for significant discounts to the average spot price - see last two quarters).
Assuming prices continue to fall towards SC6 - $800/t, this would have SYA's SC5.3 @ ~$690/t (again, this is before we factor in a discount for SYA's poor selling prices).
The size of the loss for this quarter could be carnage (although SYA will benefit from the warmer weather this quarter - positive likely impact on cost).
It's hard to imagine the company will still be operating NAL by the end of September.
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2.8¢ |
Change
-0.001(1.79%) |
Mkt cap ! $283.0M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $139.0K | 4.992M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 7887059 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 2288996 | 16 |
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