Clearly something is up and will come out in the wash hopefully to the benefit of SYR shareholders.
I called 2 days ago on twitter that we have seen the bottom for now and personally think we are only one positive announcement from a massive squeeze.
The massive shorts that moved the price from $6 down to $4 are clearly still in the market and haven't covered. Now with the org shakeup there has been new short interest with short interest at all time highs. If SYR come out with a new offtake , rockstar CEO, slightly credible TO rumour or even some clarity over the events from last week we will see an almighty rush to cover.
Bottom line is we are all waiting for SYR and TK to come out and let the market know their house is in order. It is slightly strange that this hasn't happened yet but I would presume things are going on in the background. Hence to me the risk here is to the upside and not the downside right now.
Clearly something is up and will come out in the wash hopefully...
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Last
52.5¢ |
Change
0.015(2.94%) |
Mkt cap ! $449.8M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 54.5¢ | 51.5¢ | $2.473M | 4.648M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 309565 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 48436 | 3 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
52.5¢ |
Change
0.015 ( 3.14 %) |
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| Open | High | Low | Volume | ||
| 52.5¢ | 54.5¢ | 52.0¢ | 455108 | ||
| Last updated 15.58pm 30/04/2024 ? | |||||
| SYR (ASX) Chart |