The issue is completely bogus. As you all remember, the purchase price is delivery to the port. Acceptance and transport cost go to the buyer. In addition, Syrah has stated they will realize revenue in February. Shorters are sweating.
However, I believe that once shorts are cleared (and they have made a nice profit), considerable risk would taken on if they establish new short positions. Mine is to far along and the market demand is growing. In addition, Syrah has stated that first shipments will be at lower prices until first shipments are processed at the purchaser. Syrah is on track with their plan.
Port bottleneck, page-9
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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 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |