Yip, shorts are covering this may well be the last time to pick up under priced SYR shares.
Would be very interested in the production cost curves for their operations.
Capax reductions in the next quarter, hopefully no unplanned outages so cashflow statement will be interesting reading.
Pricing of the product is now key moving forward a number of base metals are moving higher think Zinc LME, time for Graphite to rally??
We have seen the expected Demand for this product a few years from now in their presentations.
Is this stock like SBM, major issues sending the stock down to 7cps only for company to focus on costs and production, now greater than 450cps? Took a few years to achieve, is SYR with a 50+ year reasouce, brand new mine in a commodity that Demand is increasing for and producing soon to be in the 1st quartile cost curve?
Day trading may be fun profitable and show results, my best guess though is people who buy today can at sometime in the next 12 months see a 50 percent appreciation in price.
Be like Aus Super, buy some more SYR, lend your shares out to be short sold, keep accumulating and wait, when production numbers and costs improve, ask for your shares to be returned and realise that profit.
Or hold for the duration of the LOM (life of mine) those cashflows are eventually going to the owners, you just have to choose whether you want to be one of those owners.
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $232.8M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.5¢ | $729.3K | 3.194M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 1008211 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 170524 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 116062 | 1.070 |
10 | 209299 | 1.065 |
8 | 106613 | 1.060 |
6 | 96647 | 1.055 |
10 | 132219 | 1.050 |
Price($) | Vol. | No. |
---|---|---|
1.075 | 58078 | 4 |
1.080 | 70753 | 4 |
1.085 | 72117 | 5 |
1.090 | 103210 | 6 |
1.095 | 57928 | 2 |
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