The biggest issue with SYA SP is the lack of clarity from the BOD
Of course there are confidential information they cant divulge and information they cant share as they don't know ie no one expects JORC for Toilus we just acquired.
But for NAL that is around the corner why cant they provide to the market simple clear message.
Nameplate is 220,000
What is the estimated ramp up
Any scheduled efficiency shutdown and time table
Likely full 2023 production
Especially with the first 113k dmt going to PLL, the above information can clarify to investors what the SYA revenue will be (people talking about Moblan, Authier Tasmin that is not 2023) and balance expectations.
Kid you not end Q2 and Q3 if SYA looks like getting jack SP will waiver and the uniformed market will punish SYA SP if it looks like Year End SYA revenue is mostly $900 dmt
In 2024 with no clarity as it is likely with SYA people will just presume the worst for HiOH that goes to PLL and will have to wait for anything meaningful till 2025
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