As much as I hate MacBank's views on Lithium...
Some positives in their latest SYR update with an outperform
Price catalyst
12-month price target: A$5.40 based on a DCF methodology.
Catalyst: Commissioning of the Balama mine and advances in the BAM
project will be the key catalysts for SYR.
Action and recommendation
We view SYR’s strategy update as a positive development. The company has
clearly made significant advances and looks well placed, in our view, to
deliver a very sizable global anode material business. Whilst we see the
project as having been somewhat de-risked, we now have a more
conservative view of what can be achieved, and our valuation of SYR has
fallen accordingly.
MacBank on SYR
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $465.7M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.5¢ | 45.0¢ | $2.043M | 4.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 529636 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 107453 | 15 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
-0.005 ( 0.91 %) |
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| Open | High | Low | Volume | ||
| 46.5¢ | 47.0¢ | 45.0¢ | 1694813 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| SYR (ASX) Chart |