Compelling investment case via Credit Suisse:
Investment view. Target Price trimmed to A$2.30/sh on model adjustments. Short term market weakness aside, the investment thesis of increasing automotive electrification reliant on lithium-ion battery technology for which graphite is a critical component is unchanged. Syrah's market capitalisation < US$150mn is now below Balama's US$215mn development cost. For a globally strategic ex-China asset, to us this looks compellingly cheap, and may well ignite corporate interest at these levels also.
short term price action, page-15
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Last
31.5¢ |
Change
-0.005(1.56%) |
Mkt cap ! $325.9M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $379.3K | 1.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 809325 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 52588 | 25 |
View Market Depth
| Last trade - 12.59pm 16/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |