SYR 0.00% 48.0¢ syrah resources limited

50c support broken Going back to 40c Short positions are 13.5%...

  1. 94 Posts.
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    50c support broken

    Going back to 40c

    Short positions are 13.5% of the float

    Still #2 most shorted stock on the ASX

    One must wonder why that may be

    Where, when, and HOW will SYR become profitable. That is the million dollar question. Give me an answer.

    The answer is they are not profitable and cannot sustain their operations organically

    until then there will always be negative cash flow and continuous capital raises

    Shorters know this and are capitalising on it

    DYOR IMO
 
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