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SYR

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28.5¢ syrah resources limited

General Discussion, page-1639

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Dollings

316 Posts.

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05/07/24

11:12

Post #: 74622214
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Originally posted by TenX: ↑

From what i have read and my discussion with RNU CEO the intel is that China does not have sufficient supply for their own needs let alone selling to the West.

Hence it makes sense that China will be doing deals like this, particularly at a time when any other form of funding is almost impossible to secure now in tier 2 and 3 mining jurisdictions.

The Chinese really are so forward thinking you have to give them credit. They started working in this field 20 years ago whilst the West was content to just buy their required critical minerals from them.

That forward thinking extends to all of the financial and other support they have/are providing all over Africa...building valuable infrastructure projects and working with governments as well as providing low interest/no interest loans and subsidies. This is the main reason I will never invest in any African nation as investors on the ASX simply have no legal protection when things go bad.

I think the challenge for ASX firms doing funding deals with the devil are doing so because they have no other options to get major capital works funded...but will then be trapped into selling that product to the Chinese as the West will not allow any Anode/Cathode/Vehicle manufacturers with ANY Chinese involvement to sell cars there.

What a tricky situation this is now unfortunately.

Also I see SYR shorts are being opened again so not sure the shorters have finished here.

10x

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I think shorts still closing...

SYR Price at posting: 33.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 28.5¢		Change -0.010(3.39%)		Mkt cap ! $294.9M

Open	High	Low	Value	Volume
30.0¢	30.0¢	28.0¢	$1.469M	5.106M

Buyers (Bids)

No.	Vol.	Price($)
24	498635	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	127651	4

View Market Depth

No.	Vol.	Price($)
14	244500	0.280
12	790436	0.275
10	252059	0.270
7	293093	0.265
6	118722	0.260

Price($)	Vol.	No.
0.285	68143	1
0.295	99886	4
0.300	960376	8
0.305	105774	2
0.310	82657	4

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SYR (ASX) Chart

General Discussion, page-1639

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

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General Discussion, page-1639

Top Stories

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News