no chance of a short squeeze until most or all of the below has occurred
- increase in sales and customer base from balama lowering $4m a month operational cost - $150m operational loan confirmed for balama which will secure the business until this thing really kicks in mid 2026 - Tesla takes delivery of Vidalia AAM and firms up offtake hopefully all of the 11ktpa which will provide significant operating income - Posco M firms up large offtake arrangement for Balama product sometime in 2025 - more signed off takes with 'multiple ' interested parties for Balama product which has been the communication from our business leader for 9 months now
gone are the days where this thing would fly on future earnings/ market potential pre 2020
however if I was short here , there is way more incentive to close now at current prices then to keep them open .all of the above could occur in the next 6 months .
Remember a credit raise was completed 6 months ago at double the SP!
Good luck all
SYR Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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