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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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.80M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 26.5¢ | $33.60K | 124.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20299 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 29999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20299 | 0.265 |
4 | 37571 | 0.260 |
2 | 14503 | 0.255 |
5 | 62500 | 0.250 |
2 | 41500 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 29999 | 2 |
0.275 | 4284 | 2 |
0.280 | 41666 | 1 |
0.285 | 33629 | 2 |
0.290 | 44500 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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AXE (ASX) Chart |