Don't get too carried away with a future Share price ... it's nice to dream & maybe will eventuate
however,.The S/P nearing production & at production will depend on income/costs /overheads profit etc ...
like any business ...the institutions along the way will take large positions with SYA & always require guidance & brokers with adjust S/P to suit..
SYA has to produce quarterly factual figures...any B/S & they are punished with big drops...
.
For now as I said in my last post (as a non producer for now & in ASX 300) we're controlled by shorters..& .could trade sideways for weeks ...even months ...till the 50 day moving average slowly down to 20 cents-ish ... then we should jump above it ...maybe with a positive announcement from SYA ...(offtake partner, DFS Authier, drilling results etc ...) please be patient.
.I'm an old fox & seen many bull/bear world markets...
This U.S one is different ...with raging inflation, war in Ukraine & interest rates up & up ...
Todays Lithium was for producers ... ,, & ,maybe ASX 200 markets are moving into defensive stocks...healthcare, utilities etc...
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Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $267.6M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.5¢ | $1.316M | 50.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2045173 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 10890743 | 33 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |