It is not out of the question that Chalieco / Chinalco are hedging their bets with this MOU - they may be waiting to see if the graphite industry in Pingdu etc can pass the new environmental inspections and resume production or not. I don't see anything particularly wrong with that if they are - SYR management will probably be aware of what is happening in the market.
Binary situation for SYR possibly on this particular offtake agreement.
I think the market might start pricing these odds once the SP settles down.
I still think SYR has a bright future - but obviously it may take time to bed down enough offtake volume.
GLTA
binary situation re the offtake deal
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Last
30.5¢ |
Change
-0.030(8.96%) |
Mkt cap ! $315.6M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 29.0¢ | $2.787M | 8.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 245576 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 224180 | 6 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |