Not in this case. Australian Super has too much money to lose. I'm surprised they haven't put pressure on the board to remove some people on performance grounds.
You can't keep going back to shareholders wanting more of their money if u can t generate positive cash flow.
Come February to March next year (2020) prices should improve. Then production will be increased.
in the meantime this company would be in the sites of companies seeking this asset. At least with Australian Super on board, it won't be sold too cheap.
Graphite Price, page-36
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $212.1M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.8¢ | $843.2K | 4.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 332339 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 157107 | 3 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| SYR (ASX) Chart |