Sorry I disagree, China is in control, like the Australian wine market, crayfish market just to name a few. China is trying to destroy SYR, I would even go so far as to say, that China is behind the Shorting of the SP.
What needs to happen is for the Western world to realise that they need to take steps to curtail China's influence or they will pay an even bigger penalty in the future. The people that run down SYR and the management have a one sided view for their own reasons. My only criticism is of the limited information flow coming from management. I have seen it before when the SP was half of the actual money that SYR had in the bank. How can any firm with assets and capital with no debts be in that position, only answer is the Shorters are being funded to achieve that. The SP took a massive hit earlier this year even with the mine then producing and the company selling, getting grants and processing plant coming online and contracts signed. There is only one country that would benefit from this, so logically there is your answer. I am invested in SYR for the last 5 years, and the reason I am staying is the Western world is De coupling from China, there is going to be pain but I only give China 6 years at the most before China is no longer a major player.
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Price($) | Vol. | No. |
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0.335 | 193200 | 6 |
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