Hi CB. The announcement did use the words "binding sales agreement", which is not common phrasing in SYR announcements. There are usually let-out clauses of some kind in any such contract, but it does sound reasonably solid to me.
On the sale of an additional 12K tonnes "at Syrah's option", I had assumed that Syrah is trying to ensure that some supply is available for as many customers as possible. Could be a price issue, as you suggest, but I suspect it is more likely to be an effort to build up the total market, at a time when production is still ramping up. There is a big gap between this year's 100K-110K tonnes, and planned full annual production of 360K tonnes!
Cheers,
Hi CB. The announcement did use the words "binding sales...
-
- 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
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 21.8¢ | $592.6K | 2.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 40540 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 132427 | 6 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |
