I fully agree with Richo.
No graphite mining hopeful is going to get finance to mine graphite at the moment.
But China is playing a dirty game. They are trying to get a graphite mine up and running in Tanzania as an alternative to naturally mined graphite in China (and from Syrah).
They obviously don't want Syrah to succeed.
The next 12 months could be quiet. Then maybe the prices will go up - we really need US$775 to US$800 a tonne.
other concern - not just synthetic graphite, some car companies are banking on Hydrogen powered cars instead of electric.
That could slow things down.
Share price is very disappointing. Mr Verner realease's positive news just before he wants to raise capital. And then share price tanks. But good at all.
We all hope for some positive news end of July/ early August.
I fully agree with Richo.No graphite mining hopeful is going to...
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $331.1M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $1.390M | 4.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 904701 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 360883 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |