If there is a revival of LYC then SYR believers will probably take comfort from it. If SYR has a debt burden then it can unravel very quickly on the valuation front (smash) in the same way PLS faced but maybe milder and with more options.
If you look at the serious battery stocks (production) every one is in trouble, falling trend from the biggest local to the tiny junior. In fact only the 'johnny come lately' is where punting money is crowding but this is more pass he parcel like every bubble that has ever existed in the commodity space,
Morgan Stanley forecasts 30 per cent drop in lithium prices by 2025, page-38
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |