Sorry, seen this too many times before to have any confidence in SYR producing anything other than cash burn.
EV demand has tapered off. People just don't want an EV ATM. Look at Tesla price. Apparently Tesla now a 2027 story!
Cars have terrible resale value. People may buy one, but lots, me included, would rather wait for now thanks very much.
Demand for graphite is down and according to the graph, at that price Balama is not restarting in earnest any time soon.
Fines prices heading below $500. Uneconomic.
Prices for AAM are trending down.
Massively dilutionary, again. Number of shares eventually end up at 1.2 billion!
Whatever your end target was for the s/p, you need to halve it, again.
I had thought things were improving. Sorry, this just looks like all the others before it, a stay in business raise while we sit and hope markets correct.
I will buy back in when there is any sign of improvement in graphite prices.
Until then going to be nothing more than a continued frustration
Sorry, seen this too many times before to have any confidence in...
Add SYR (ASX) to my watchlist
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Last
52.5¢ |
Change
0.015(2.94%) |
Mkt cap ! $449.8M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 54.5¢ | 51.5¢ | $2.473M | 4.648M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 309565 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 48436 | 3 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
52.5¢ |
Change
0.015 ( 3.14 %) |
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| Open | High | Low | Volume | ||
| 52.5¢ | 54.5¢ | 52.0¢ | 455108 | ||
| Last updated 15.58pm 30/04/2024 ? | |||||
| SYR (ASX) Chart |