At the moment we really don’t know what the demand is. Graphite prices over the quarter have increased but we have no visibility on volume. There have been no announcements on large contracts but that does not mean volume has not increased. I think there are too many interested parties to let SYR face an existential crisis but this drop in SP is substantial and a concern. Probably partly but by no means only, driven by end of FY tax sell offs. We don’t know what we don’t know and the market abhors an information vacuum.
SYR Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)