SYR

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25.0¢ syrah resources limited

Ann: Becoming a substantial holder, page-42

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marchi84

174 Posts.

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18/03/20

13:33

Post #: 43559655
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Originally posted by Boges: ↑

Shaun Vernor is an idiot. Anyone in Year 12 high school studying Economics(and they don't get paid $800,000 per year like this Turkey) would know that if you flood the market with far too much excess supply, the price you get for it will drop significantly - and below your cost of production (i.e. the break-even price plus shipping costs).

And demand for EV verhicles - while strong in the long term - was simply not growing anymore than 8% to 12 % per year. And their product is cheap shitty fines - not the better priced flake. They have failed to deliver every quarter the last 12 months. Then given excuses they will get better pricing by shifting from 80:20 fines/flake to 70"30 flake - and again not delivered. I wonder whether there is something going on with Australian Super too - why on earth would you invest so much of Australian peoples hard earned super money into this company and then short sell (lend) out the shares you own which drives the share price down. Destructive to say the least.

If anyone does have money to spend, now is the time to take it over. Glencore, South 32, FMG, maybe a big battery maker, or Tesla.

This idiots have really stuffed this up. And short-sellers smell blood.

You see when they don't have to buy back the shares they have borrowed (and they don't when a company files for bankruptcy) they make a killing. But is someone (or a bunch of people do take it over - say for 60 cents or 1.10 or 1.30) the 20.25% short sold really get burned. But the fact the number has gone back up by 3% in 3 days, suggests, the shortsellers think this company is gone. Come around Anzac day (25th of April) when they release the quarter figures for 31/3/2020 we will see. If cash on hand is close to what they said it would be, they are in with a chance (as prices for Graphite will be much higher for quarter end 30/6/2020 as plants have just reopened.) Don't expect any share price driver from the plant in USA either. Still no feedback from Board as to Customers like or dislike of the product. And it is only a pilot plant doing 5,000 tonnes a year. It needs big money to scale up to 25,000 tonnes and then 50,000 tonnes a year (which they don't have).

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liquidation -> asset bought by BHP, old mates all get rich in the process

SYR Price at posting: 22.5¢ Sentiment: Sell Disclosure: Not Held
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Last 25.0¢		Change -0.030(10.7%)		Mkt cap ! $258.7M

Open	High	Low	Value	Volume
27.0¢	27.0¢	25.0¢	$1.320M	5.179M

Buyers (Bids)

No.	Vol.	Price($)
30	1220614	25.0¢

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Price($)	Vol.	No.
25.5¢	259858	3

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No.	Vol.	Price($)
17	605545	0.250
11	2634187	0.245
16	6359671	0.240
10	1259589	0.235
10	463895	0.230

Price($)	Vol.	No.
0.255	252054	2
0.260	144811	2
0.265	118550	3
0.270	297000	3
0.275	129886	4

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Ann: Becoming a substantial holder, page-42

Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Becoming a substantial holder, page-42

Top Stories

Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News