SYR 2.74% 35.5¢ syrah resources limited

Now read that after driving SP of lm into the ground reaching...

  1. DSD
    15,757 Posts.
    Now read that after driving SP of lm into the ground reaching 24c... the mafiosa have announced a TO at 66c just as management released yet another round of fantastic drilling results. Who knows how things will pan out? But it's a reminder that when any world class deposit gets well below value, that a TO is likely. No other graphite deposit can come close to matching that of SYR. it will dominate graphite trade to the extent it will be a price setter not taker. Not unlikely SYR will produce over 50% of world production within a few years. Huge difference is ELM needs over 1.5Billion to enter production. We at SYR need 60-70million.
 
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35.5¢
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-0.010(2.74%)
Mkt cap ! $367.3M
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35.5¢ 37.0¢ 35.0¢ $2.274M 6.355M

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