Other factors at play seems more significant in influencing the SP, not those we are looking at.
Absolutely and the biggest one is in the one year chart below, although the price spodumene has not dropped as dramatically as Lithium carbonate outside of China ,the reality is it has an overall effect on sentiment. When that chart turns so will sentiment.
The fact that even at current prices profits will be huge is largely overridden by sentiment but won't be overlooked by those with long term horizons.
..
Cheers Whisky
General Discussion Topics, page-92548
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Last
3.2¢ |
Change
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Mkt cap ! $329.3M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.0¢ | $604.3K | 19.39M |
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| No. | Vol. | Price($) |
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| 14 | 1767950 | 3.1¢ |
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| Price($) | Vol. | No. |
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| 3.2¢ | 7754377 | 25 |
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| SYA (ASX) Chart |