So JP Morgan was the culprit who lend there shares to First Sentier who was shorting SYR.
CCP strategy is to keep Balama plant idle with price pressure so that either China can buy the plant. Until there is tariff imposed by EU and US on graphite from China or Vidalia plant continue to ramp to its full capacity AAM of 11 ktpa, the price pressure has kept the lid on SP and LT investors are holding in belief that there should be turnaround and really don't care about recent trough on SP and looking for longer term return.
My opinion is next catalysts will be 8ktpa dispatch to Tesla and full production scale up of Vidalia, 45ktpa expansion load approval and Malaysia order may change the outlook.
SYR Charts, page-3300
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $289.7M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 28.0¢ | $897.9K | 3.130M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 361941 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 91151 | 8 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |