I agree with what you are saying but you are basing that on a recovery of spodumene price which is absolute fantasy currently.
If China keeps paying PLS and others to keep producing and coming on line in a low price environment it will permanently stay there. They know what they are doing and how to keep the prices low.
If there is a recovery in price, what if it isnt until 2030. who will last that long. it wont be Elevioso.
Im thinking RCF will negotiate a different deal to lower the risk on their end. Which will once again hurt shareholders. We will see. Havent seen any good news here for years. I dont expect that to change. These guys are begging just to stay alive now.
SYA Price at posting:
1.6¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)