If there're no strategic/fundamental changes the shorters will keep playing them safely.
ore. lithium is in correction because supplies outstrip demands and china has secured enough supplies for their limited batteries production. So the bigger the worser in relation to price and the stock was extremely overpriced.
wsa. political uncertainties in phillipine and indonesia in relation to nickel exports do not pan out as expected therefore there's no certainty direction to encourage brokers to bet on ni price.
acx. construction industry has already boomed in recent years and there're fear that Sydney and Melbourne apartments will dampen the housing market. Investors are worring but first home buyers are still crazy enough to bid for houses at all costs. infrastructures could be a game change for acx.
Myr. will survive if aud is stucked below usd 80 c. E -commerce kills brick and mortar department stores. There's been alot of interests from the middle East investors to acquire Australian department stores because they bet aud is going nowhere.
syr. is going to flood graphite to market and that should make sure price will stay low forever if demands are not increased.
EVs and batteries storage solutions are still young industries. Demands in the US and EUROPE will pick up once the batteries costs are getting cheaper and cheaper.
materials prices must be low enough to support developments hence demands.
That's why cheap labor, low currency, huge reserves, low production costs, global player in conjunction with good offtake agreements, good MOU and strong customers contracts will make sure syr will survive for a long time and becoming an industry leader in batteries materials world.
shorters will cover if they see a strategic/fundamental changes.
the game is going to end soon because the fears from CR and no contracts in place for syr are disappeared.
I am sure this stock is well above $3 starting 1st week of April 2017 and shorters are in deep shit when hunting season begins.
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $217.3M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $278.6K | 1.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 172414 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 33436 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 149575 | 0.205 |
21 | 574619 | 0.200 |
15 | 830084 | 0.195 |
18 | 1139052 | 0.190 |
3 | 355000 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 33436 | 2 |
0.215 | 66000 | 2 |
0.220 | 264991 | 3 |
0.225 | 280456 | 7 |
0.230 | 75000 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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SYR (ASX) Chart |