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clock Created with Sketch. 03/11/23
09:10
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Originally posted by Sdaji:
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Short term anything could happen, but not all gaps fill, and we have a very tangible reason for the gap up from 53c, which makes it especially likely not to fill - it's exactly the type of gap which tends not to fill. We also have an open gap at $1.40, given that we've just had a tangible reason for global excitement over non Chinese graphite, and SYR has one of the largest reserves in the world, it's not unlikely for the higher gap to fill. People often desperately talk about their company being a takeover target when the price has crashed, but given the sudden increase in demand for non Chinese graphite we legitimately might be.
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Originally posted by imback:
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It will take a pretty significant event to close the lower gap, imo. Not sure what that event is besides a CR.
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Great analysis, cheers…
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