All I can think is that on a technical chart, SYR has lot support $1.2 and I bet shorters will not take lot of risks to take on more positions close to this level unless there is going to be very bad news.
Trading patterns will be like a yoyo from $1.2 - $1.56 unless some good news coming out such as improvement of production, offtakes etc.
In regards to royalties, I would have though syr already locked that in for years. They wouldnt do a royalty review on a yearly basis.
I am not a mining expert so correct me if I am wrong. just argue based on logical reasoning.
the buy zone, page-110
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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
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |
