LRS 8.11% 20.0¢ latin resources limited

As a holder of SYA as well as LRS I would like to comment on the...

  1. 4,989 Posts.
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    As a holder of SYA as well as LRS I would like to comment on the previous thoughts that SYA may go into C&M. I think the SYA management are continuing their ramp up at NAL in the hope that the increased production and recent recovery improvements will see a dramatic decrease in AISC over the next quarter, so whilst I'm not entirely confident that this is the case, I can't see them putting NAL into C&M just yet, suspect if they are not near or around break even in the upcoming quarter then those ideas may get an airing at board level , so no C&M for 3 to 4 months minimum, and potentially no C&M at all if they deliver significant cost reductions.
    Ultimately high cost producers will be forced to make decisions to go into C&M and this will have an affect of reducing supply , therefore should have a positive spin on pricing and as LRS seems to move with the Lithium Price, undoubtedly the share price should improve going forward.

    Christopher
 
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Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
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