Expect SP to drop 2.50!
The SP already peaked during results announced by SYR after consecutive drilling even without confirmation of lab results, thus IMO I always knew assays would have minimal effect on the SP. Maybe once all assay results are announced we might reach $3-$3.25.
However its all about the JORC, this is what is going to have the biggest impact on the SP, so def holding would be the best option.
IMO buying in at low $2 would be a perfect opportunity to get in and then holding on, because the JORC report is not far away, and I expect from the JORC report we will see substantial interest, or even forward contracts etc.
So good luck SYR, I definitely still believe in the SYR story, but not for day trading gains, but for LT gains.
Expect SP to drop 2.50! The SP already peaked during results...
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Last
21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $756.0K | 3.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 584610 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 318031 | 39 |
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| Last trade - 14.48pm 15/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |