SYR 8.96% 30.5¢ syrah resources limited

AFR report Glencore takes close look at SYR, page-20

  1. 2,503 Posts.
    lightbulb Created with Sketch. 321
    Wow, nice surprise to start the day with. Currently on a train between Savonlinna and Helsinki near the Russian border, on holidays in Northern Europe. Magnificent scenery of a country covered in pine trees, a million lakes and off course Saunas..!
    As Cd mentions the large short position that was slowly building over the first half of the year is now screwed.
    Have followed the position since the stock was 2.80 when there were approx 3 million short. Last time I checked it was over 6 million. Double trouble..!
    Some even suggested that TJ had the large pockets, but I think even she had the comment sense not to tempt fate..!
    Six months ago I suggested a $15.00 price outlook for the stock in 24 months.
    That may start to look a little conservative for this potential cash cow.

    Cheers Lute
 
watchlist Created with Sketch. Add SYR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.