SYR 3.39% 28.5¢ syrah resources limited

re: Ann: Strong Results for Tanzanian Mineral... Who posted...

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  1. 8,972 Posts.
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    re: Ann: Strong Results for Tanzanian Mineral... Who posted about Mason?

    They used $1,525 assumed as average graphite price reveived...err two things wrong with that:

    1. The price of large flake is around that price

    2. More than half their product is VERY fine flake or powder which probably trades well under $800 at the moment

    Clever use of 'average' pricing over a period of time when graphite price has peaked (probably how they reached their avg price), but unfortunately for them the market is not stupid enough to fall for that one.

    Cdchi1
 
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24 498635 28.0¢
 

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28.5¢ 127651 4
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