That falls in line with what Rock Stock analyst predicts for the 2024 outlook.
The question he wasnt sure on was if it would be somewhat of a dead cat bounce recovery before further price falls or "lithium nirvana" with a rise followed by higher highs.
They analysed the last fall as like a 74% fall or something over 18months. We have recently seen a 80%+ fall in 6 months. So factoring in inflation the bottom is in or close.
Also to scamcity, I believed the bottom I was referring to was in our SP which I was wrong about. But I will say that if the bottom isnt in and we have further falls from here SYA is not going to be fruitful long term for the shareholder base here. But with the way the industry is atm It would be a headscratching moment if we halve again from this point with many analysts left "eating their hat" as such on a bad call. (Lithium spot price not share price)
That falls in line with what Rock Stock analyst predicts for the...
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Last
4.5¢ |
Change
0.004(9.76%) |
Mkt cap ! $463.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.5¢ | 4.2¢ | $1.768M | 39.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 7013461 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 1144013 | 6 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
0.004 ( 3.37 %) |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.3¢ | 4.2¢ | 11759393 | ||
| Last updated 16.04pm 31/05/2024 ? | |||||
| SYA (ASX) Chart |