Equityma, I think the shorts are getting desperate prior to the release of the quarterly.
the last 10 days 66% of all trade volume has been shorts trying to push the SP down or at least put a cap on it. the SP now is the same as it was 2 weeks ago after all this manipulation and the shorts are still at 21% so the net position has not changed.
SYR have previously said they will be cash flow positive in the second half of 2018. Even with the back of a coaster you can calculate that the current SP is deflated based on doubling the flake production in 2019 and ramp up of BAM which is fully funded.
I will believe what is written in the December quarterly and the March quarterly. And keep a close eye on the technical side which is looking very solid right now.
DYOR, GLAH
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29.0¢ |
Change
-0.020(6.45%) |
Mkt cap ! $313.0M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 29.0¢ | $1.779M | 5.908M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 104612 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 208170 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 69547 | 0.290 |
14 | 436989 | 0.285 |
21 | 329885 | 0.280 |
7 | 142401 | 0.275 |
11 | 130488 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 208452 | 32 |
0.300 | 109565 | 6 |
0.305 | 413088 | 7 |
0.310 | 125316 | 3 |
0.315 | 205889 | 10 |
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