So the stock is down >7% again, that's a shame.
Aside from the construction delays which are unfortunate, I like the new aggression that's displayed in Syrah's most recent slide deck.
Whilst Magnis' flake distribution appears incorrect to me, this is exactly the kind of material Syrah needs to put out to prevent competitors from receiving funding. I am very happy to see this change in strategy (from not actively discussing competitors in the past) because it will serve the company well in the long run to reduce competitive supply.
Now the writing is on the wall (Slide 23) for Syrah's competitors and their potential funders:
And slide 30:
This has been obvious to me for the last year. I hope that Syrah becomes more aggressive in the future. Once we've crushed the competition, the share price will take care of itself.
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Last
33.5¢ |
Change
0.080(31.4%) |
Mkt cap ! $346.6M |
Open | High | Low | Value | Volume |
26.0¢ | 33.5¢ | 25.5¢ | $4.085M | 13.43M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 638382 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 20 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 638382 | 0.335 |
9 | 185200 | 0.330 |
4 | 55615 | 0.320 |
2 | 85908 | 0.315 |
6 | 111398 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 20 | 1 |
0.345 | 67500 | 3 |
0.350 | 109950 | 4 |
0.360 | 45000 | 3 |
0.370 | 47058 | 3 |
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