Syrah is trading like the company is gone bankrupt.
A company with almost >$800M of graphite resource at Balama, off take agreement with Tesla and many others Tier1 companies, Balama and Vidalia Plant in production, cash reserve of $85M but its market capital shrunk to $250M (USD160M). The build cost of both Balama and Vidalia plant would be North of $300-350M (US). What shorters have done to SP is quite interesting but be assured this will bounce back but now time frame could be another six months. Whether it will be Trump (backing again to Elon) or Kamala in November, both need to make sure Graphite supply security outside China is assured and in current environment SYR is only candidate.
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2669 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 8333 | 2 |
View Market Depth
| Last trade - 07.10am 31/07/2025 (20 minute delay) ? |
| SYR (ASX) Chart |
Day chart unavailable