SYDNEY, July 10 (Reuters) - Shares in Australia-listed Syrah
Resources rose as much as 21 percent in early trading
on Thursday on speculation it was a takeover target. Syrah holds rights over the Balama graphite and vanadium
deposit in northern Mozambique. The stock hit a high of A$5.20 a share before easing
slightly and were up 16 percent at A$4.95 at 2100 GMT.