well said 2easy2 - Last Friday when we joined the ASX 200 we've picked up almost 3,000,000 more short shares increasing the short position from 18,000,000 to 21,000,000 shares. The current sentiment can quickly change and at some point, those 21 million shares have to be bought back.
The sp right now is almost irrelevant and not reflecting the intrinsic value of the company. Today at close it should be a green day, but that doesn't even matter, like the fastmarkets article said, Graphite anode market: A rocky road, but brighter skies ahead
Media Reports, page-936
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Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $1.380M | 4.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 126793 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 209602 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |