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26.5¢ syrah resources limited

It was said in the report. Course flake is a Byproduct of the...

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mooseymarshall

110 Posts.

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25/07/24

10:30

Post #: 74908842
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Originally posted by LJSM: ↑

Was hoping for an higher production and delivery but the explanation at least tells the story - fines basically stuffed because of continued synthetic production at low or loss prices. Given the EV market pressures, no wonder Tesla and other are taking advantage -at SYR’s expense of course. Delaying tariffs to 2027 has also not been helpful. Pricing does look much better but on small by product coarse. Not sure why they can’t target and mine more coarse flake if they have it. Perhaps the plant is not set up well for that? Despite Tesla apparently delaying delivery fro Vidalia, they seem to be seeking some alternatives perhaps for the 11kt perhaps. Short term hope they get the loan for Balama sorted. Still some doubt about the financing going forward. They will need something to go right with the fines market to really improve although if they manage the next 12 months things could change dramatically. No short term joy but perhaps the SP shouldn’t fall too much from here (Ha can’t fall too much anyway!!) GLTA

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It was said in the report. Course flake is a Byproduct of the fines extraction. Byproduct. It can't be targeted. It won't be the silver bullet many here think it will be.

SYR Price at posting: 28.3¢ Sentiment: Buy Disclosure: Held
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Last 26.5¢		Change -0.035(11.7%)		Mkt cap ! $274.2M

Open	High	Low	Value	Volume
29.0¢	29.0¢	26.3¢	$4.427M	15.99M

Buyers (Bids)

No.	Vol.	Price($)
17	609965	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	75000	2

View Market Depth

No.	Vol.	Price($)
17	609965	0.265
30	769858	0.260
8	201391	0.255
26	651463	0.250
7	1801744	0.245

Price($)	Vol.	No.
0.270	75000	2
0.275	354254	5
0.280	251285	7
0.285	365444	5
0.290	1019720	7

Last trade - 16.10pm 25/07/2024 (20 minute delay)

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