Although a bullish commodity a few years back which caused a good rise in many graphite stocks, the fundamentals have always been an issue for graphite. The first one being the relative small size of this industry . Graphite is only a $1B industry and so with existing producers , the ability for explorers to be successful long term was going to always be very difficult.
TON is the result of this which despite a touted world class biggest deposit , could not yet manage to turn itself into producer from explorer.
The market is now seeing it with lithium where the arrival of cobalt is typically 2 to 3 times as much used in batteries. Resources are at times a demand supply and size of market play. When new potential players come on the scene due to the rise in the commodity , existing producers ramp supply to drop prices and force many a explorer to cash burn ruin. Without an expanding industry size to cater the potential arrival of new players and off takes it is difficult to secure funding to turn into a full fledge producer.
- Forums
- ASX - By Stock
- SYR
- Ann: Trading Halt-SYR.AX
Ann: Trading Halt-SYR.AX, page-130
-
-
- There are more pages in this discussion • 188 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYR (ASX) to my watchlist
|
|||||
Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $217.3M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $278.6K | 1.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 172414 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 33436 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 149575 | 0.205 |
21 | 574619 | 0.200 |
15 | 830084 | 0.195 |
18 | 1139052 | 0.190 |
3 | 355000 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 33436 | 2 |
0.215 | 66000 | 2 |
0.220 | 264991 | 3 |
0.225 | 280456 | 7 |
0.230 | 75000 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
SYR (ASX) Chart |