AXE 0.00% 36.0¢ archer materials limited

looks like it wants to go higher !!, page-6

  1. 7,432 Posts.
    I haven't gone into it much,vince but it's the Corporate Structure of SYR I wonder about.These cross holdings with CSE and it seems others[Saudi SYR etc]
    Such cross holdings make it difficult to raise capital internally and Graphite Companies will need to Capital Raise internally [cash from existing shareholders] if they're going into Production.

    Also don't like frothy announcements on visual drill results with actual lab analysis still 4 weeks away.

    Anyway imho the SYR Market Cap is so high mainly as a function of limited shares on issue at the moment.Look at the parcel sizes being traded.Often say $10grand or less.
    Low Liquidity especially for accumulating a Big Boy "endorsement" holding.

    anyhow today gives another Market example of Gap Theory to learn from in coming days.

    Happy Trading
 
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