I did mention it was an asset of SYA.
But there is a difference between SYQ and anyone of RIO's mines.
Rio has full control of their 100% owned mines.
SYA does not have full control of SYQ.
So while SYA's asset will increase, it doesn't necessarily mean any cashflow to SYA is going to be overly positive (especially when they will need to re-invest a considerable amount of profits back into the JV).
And that was my point when I said it will be interesting to see how the market views it.
I did mention it was an asset of SYA.But there is a difference...
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $329.3M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.2¢ | $1.308M | 39.36M |
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| No. | Vol. | Price($) |
|---|---|---|
| 101 | 17971163 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 1033512 | 3 |
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| SYA (ASX) Chart |