Today starts the last quarter of this financial year, its the first quarter free of flow through fund expenditure with the remaining merger costs being the only non recurring expenditure left with current operations...its also a big shipping quarter and with prices largely locked in through a hedging arrangement, that should make up for what's likely to be a fairly ordinary upcoming March quarter result. There is a good chance this quarter will be breakeven on production costs, we'll see.
Although slipping Spodumene prices are unlikely to effect this quarters shipping prices it certainly doesn't help sentiment and there is nothing that can be done about that unfortunately.
The darkest before dawn theory is certainly being given a good stress test.
Cheers Whisky
SYA Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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