The Shorts aren't covering, they are at a all time high in the quantity of shares that are now shorted. The SP is only this low because China is controlling the graphite price. The West is caught, as if they raise the tarrifs on China then the Automotive businesses will suffer, if they don't then China wins. Meanwhile all the battery related companies are being hung out to dry. The least the Govt could do is subsidise all the battery related companies until they can wean off China. I am staying in because I believe in Syrah as a company. This isn't about how the company is run but a denial to free trade. The Australian Iron ore is headed down this road to, BHP , RIO & FMG SP will be alot lower before Christmas.
SYR Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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