Interesting questions, Essa, but they prompt me to ask: Where is the "obvious short term risk"? Where is the "punt"?
Syrah have just reaffirmed their Balama production targets for 2018, with high grade, increasing yield, and a volume in excess of 100K tonnes. Admittedly, there has been a hiccup in the ramp-up, with fire damage to one unit affecting production in September and October. But even in start-up mode, with a part-year's production, Balama is going to finish 2018 with production substantially greater than any other graphite mine in the world, and on-track to more than double that volume in 2019. It looks very probable that Syrah will be cash-flow positive in the next quarter.
Of course, it all depends on an individual's view of what constitutes a return horizon, but wouldn't it be fair to say that most analysts would rate the current position as close to "de-risked"?
Cheers
- Forums
- ASX - By Stock
- SYR
- Ann: Balama Production Improvements
Ann: Balama Production Improvements, page-22
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYR (ASX) to my watchlist
(20min delay)
|
|||||
Last
35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $367.3M |
Open | High | Low | Value | Volume |
35.5¢ | 37.0¢ | 35.0¢ | $2.274M | 6.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 189831 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 53310 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 187131 | 0.350 |
9 | 989772 | 0.345 |
10 | 583444 | 0.340 |
3 | 965374 | 0.335 |
13 | 506775 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 53310 | 3 |
0.365 | 264000 | 2 |
0.370 | 21683 | 4 |
0.375 | 174001 | 2 |
0.380 | 117894 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
SYR (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online