Im hoping we get some meaningful direction shortly.It seems like...

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Scrollonby

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12/09/23

15:54

Post #: 69828641
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Originally posted by Kevo88: ↑

What I cannot grasp is, we are in the middle of the Lithium projects being ramped up in Canada and are already currently in production.
We have various assets including a half built carbonate plant and 60%/40% with government good grades in Moblan. Yet here we are at $1B market cap.
An while LTR has offtake agreements when production is in place the current lithium prices are still trending downwards. It seems that because of sheer luck of a giant that is ALB putting in take over offers it has been shielded from lithium industry headwinds. An as for price for their offtake, well lets just say it will be subject to indexes etc. non-disclosure stuff. Yet they are at 6.6B market cap 6 times + on ours......WTF!

So factoring in all the above, plus the added cost of risk associated with LTR ramp up into 2024 is SYA undervalued at 10c. Well per even conservative NAL dfs figures yes, per NAL carbonate potential yes, if we manage to ensure full ramp up with no issue again cross that risk off the list.

So where should that leave our share price? Well even if we leave out most of the above IMO NAL should be operational and at current lithium prices at a market cap of at least 20c. This is given the conservative nature of the prices used vs what is likely to be received from the 2.2B NPV which is likely more once you remove the conservatism attached.

The punishment in price is not only due to the macros but also due to a number of ball drops from our management. Can a company be derailed by poor management? Yes. Hopefully over the coming months we get some new energy at SYA with a CEO who can see NAL downstream vision as priority. Once the priority shifts back to this with someone worthy at the helm we may see a share price trend reversal.

As much as it pains me to say, until management can step up communication that NAL is ramping up on time and with no issues even with these recent efficiency adjustments, have sourced a CEO with the industry expertise to see the SYA vision of NAL carb and can regain shareholder trust by saying something like offtake and actually delivering it. We may then see a trend reversal, until then we are adrift and at the mercy of the market.

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Im hoping we get some meaningful direction shortly.

It seems like we are just tredding water atm in a market that needs clarity on our future direction as well as NALs production breakdowns

2 Big things can pull us outta the rut goin Carbonate by 2026 fy decision and Moblan dfs / and immediate plans goin forward

A few new experienced well respected faces at the top would be nice

Spod prices would help greatly too as would GS goin broke and China playing fair

Oh and 600m odd shares being handed back to their owners in a rush

We are in production and that 2nd quarterly around xmas is a pivot point imo

Last edited by Scrollonby: 12/09/23

SYA Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
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Last 4.1¢		Change -0.003(6.82%)		Mkt cap ! $422.0M

Open	High	Low	Value	Volume
4.5¢	4.6¢	4.1¢	$6.385M	148.7M

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No.	Vol.	Price($)
1	175	4.1¢

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Price($)	Vol.	No.
4.2¢	1865600	6

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No.	Vol.	Price($)
1	175	0.041
60	8097836	0.040
26	5839902	0.039
22	4470622	0.038
20	2778015	0.037

Price($)	Vol.	No.
0.042	1865600	6
0.043	14931290	17
0.044	6415346	18
0.045	4748559	21
0.046	10796923	36

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 4.2¢		Change -0.003 ( 6.11 %)
Open	High	Low	Volume
4.4¢	4.6¢	4.1¢	62284389
Last updated 15.59pm 13/05/2024 ?

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