I wouldn't be worried about second guessing the price on a Daily basis, and it doesn't tell us anything as there has rarely in my memory been a leaky ship from a Quebec perspective.. There's 3 general options IMO mate:
1) You believe NAL Bid will be in SYA's favor - HOLD or BUY more
2) You believe NAL Bid won't be in SYA's favor - SELL
3) You are unsure - Sell and Buy back later if decision successful. However you will be likely paying a premium depending on how quickly you can get into the queue. But still might provide for a good trade.
It all comes down to your risk appetite and financial situation.
My view is that SYA will be in the shortlist for winning NAL, for a few reasons:
- They have a viable solution to restore NAL mine to operational efficiency (via blended ore from Authier). This is a unique proposition that others wouldnt have due to location.
- This formula will eliminate need for processing plant at Authier. Environmentalists happy and would mean more support for Authier.
- Piedmont investment a huge vote of confidence and offtake agreements already in place
- Piedmont's CEO Keith Phillips stated on the record they will support SYA's regional expansion.
- SYA/PLL spod will supply TESLA, this will be a feather in the cap of IQ
- CATL are a secured creditor for NAL, and TESLA one of their largest customers. They will either want to keep Tesla happy or be included in the bid with SYA/PLL
Hope this helps, my opinion only.
GLTAH
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $247.0M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.4¢ | $665.5K | 27.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 978814 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 5787563 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 978814 | 0.024 |
52 | 13122839 | 0.023 |
26 | 6120318 | 0.022 |
17 | 3050067 | 0.021 |
46 | 9068198 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 5739563 | 24 |
0.026 | 6492490 | 14 |
0.027 | 7665504 | 27 |
0.028 | 4852965 | 25 |
0.029 | 3746411 | 18 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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