SYR is in development phase. All the life changing money was made upon discovery. The price spiked to just under current prices nearly five years ago in 2012 after the initial 300M intersection of continuous graphite.
All mining companies' SPs go through a lull when moving into production. Nothing new here.
If SYR's feasibility figures prove to be accurate and they can sell all their planned production at the prices in the FS, then the stock is still cheap. We all know the risks. We also know the potential rewards. I can see a potential 3-4 bags from here, possibly more, if things go well but I am also realistic in that the downside is significant if things don't go according to plan as is the case with every other listed company on the ASX. I trade SYR. As I said, the time to make the life changing dollars was pre-discovery, not now. At sub $3 I would buy a few more. Other than that, it's a hold for me at current prices.
One question. Where the heck is the new CEO?
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $212.1M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 19.8¢ | $843.2K | 4.160M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 332339 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 157107 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 332339 | 0.200 |
19 | 1056972 | 0.195 |
22 | 1206681 | 0.190 |
4 | 348000 | 0.185 |
15 | 252496 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 157107 | 3 |
0.215 | 61079 | 5 |
0.220 | 264991 | 3 |
0.225 | 209000 | 5 |
0.230 | 225000 | 4 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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SYR (ASX) Chart |