Joenes is still trying to get us to believe that the entire SYR market cap is attributable to the operation of a "Bot", and that is why the market cap is some 25 times that of AXE, which he supports so nobly. This time, he is attempting to muddy the water by talking about a Chinese producer, (likely to suffer severe price and quality competition), and graphene research (which is irrelevant to graphite production costs and volumes, and only consumes a minute amount of graphite).
I suggest Joenes try looking at page 2 of today's announcement, which shows, in a neat graphic, the relative resource sizes of major graphite deposits.
Joenes may need his specs to see where AXE fits, because Balama West alone, without Balama East, is about 200 times larger than the AXE deposit at Campoona.
The market gets it right, again.
Cheers, Prime1
balama west - it's just amazing, page-12
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Last
22.3¢ |
Change
-0.003(1.11%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $512.3K | 2.289M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 703743 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 679614 | 62 |
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| Last trade - 14.45pm 02/09/2024 (20 minute delay) ? |
| SYR (ASX) Chart |