SYR

10.7%

25.0¢ syrah resources limited

Buyer conviction, page-46

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Moneymaker1979

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27/08/20

21:15

Post #: 46880198
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Originally posted by Boges: ↑

Syrah will be taken over - that will be the boards strategy. They are burning through cash and the longer it stays idle, the more expensive it is to bring the plant back up and running.

I reckon that come nide January 2021, takeovers will start coming. The board by then will be running down the cash (then will be less than US$40 million).

it is very risky to recommence production without an offtake agreement and for a guaranteed price. And given the board has failed to get recoveries to its target of 80% or get the flake proportion of tonnes per quarter up to 20% let alone their hoped for 30%, one would not be optimistic they will ever.

Nope - this will be out up for sale. And most disgraceful of all is that Mr Verner was awarded 4 million stock options less than 6 months ago, but at a strike price of only 43 cents per share. Disgrace. If ever there is a case for amending the law that such a low strike price on these options can be allowed, this is surely it. Let's hope if it does happen that they get over $1.00 for it.

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start emailing Elon Musk, he could buy out the mine with his loose change.

SYR Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
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¢

Sellers (Offers)

Price($)	Vol.	No.
25.5¢	259858	3

View Market Depth

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

Last trade - 16.10pm 02/08/2024 (20 minute delay)

SYR (ASX) Chart

Buyer conviction, page-46

Is oil undervalued?

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

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

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

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

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

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

GreenX picks up prospective copper project in Germany

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Buyers (Bids)

Sellers (Offers)

Featured News

Buyer conviction, page-46

Top Stories

Is oil undervalued?

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

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

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

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

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

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

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News