less than US$300/t are
required to generate outflows of ~US$17m/qtr. Under this scenario SYR has sufficient
cash reserves to continue to operate Balama until at least Q4 2020. SYR has to manage
a delicate balancing act when bringing product into the market if they want to have
the desired impact on price (see Figure 1).
A number of factors play into pricing dynamics
SYR sees pricing as uncertain and expect weakness through Q4 19 and into early 2020.
The decline in spot prices has been triggered by a sharp depreciation of the Chinese
Yuan, oversupply, cuts in EV subsidies and trade tensions weighing on sentiment.
Valuation: A$0.59ps based on DCF @ 18% d.r.
We have a Neutral rating and price target of A$0.59ps, set in line with NPV.
p.s. Hotcopper doesn't like the less than symbol.
less than US$300/t are required to generate outflows of...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $1.380M | 4.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 126793 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 209602 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |