SYR 4.26% 22.5¢ syrah resources limited

This share price is a worry. Now is the time to take it over for...

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  1. 383 Posts.
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    This share price is a worry. Now is the time to take it over for anyone that wants it. Australian super owns 20% so that is an important blocking stake. And I am sure the board has a strategy in place that if it happens they will invite as many bidders so that it does not go too cheap.

    Remember a few years back Glencore was knocking on their door with A$2 Billion offer on the quite. Not just graphite that they were after but Vanadium as well. Currently, it has $165 million and US$65 million in cash (about A$95 million in Aussie).

    At 40 cents per share, they would want at least $1.60 to $1.90 I'd reckon .Potential bidders? Glencore, South 32, A Chinese company, General Electric or even Tesla (using high price scrip).

    Good companies with a long term view buy up other companies on the cheap when the markets are down.
 
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Last
22.5¢
Change
-0.010(4.26%)
Mkt cap ! $232.8M
Open High Low Value Volume
23.5¢ 23.5¢ 22.5¢ $1.802M 7.921M

Buyers (Bids)

No. Vol. Price($)
24 1034048 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 443295 9
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
SYR (ASX) Chart
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