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29.5¢ syrah resources limited

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sadj89

2,000 Posts.

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31/12/14

17:35

Post #: 14523692
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Originally posted by Prime1 ↑

Pedro, you are quite right, of course, about the SYR MC.

I wonder if the confusion has arisen because of some slight error, transcribing what Vince Pisani actually said. What was quoted was:

" Very few companies are capitalized over AU$100 million (AU$100M). Syrah and two or three others are around AU$100M, then it falls to AU$50M."

If has second sentence was actually:
"Syrah; two or three others around $100M, then it falls to $50M."

Then it all falls into place.

It is inconceivable that Vince Pisani, one of the best-informed analysts in the country, with a deep knowledge of the graphite industry, would not be aware that SYR has a market cap close to $500M. so he would merely be stating which companies do, in fact, have a MC greater than $100M.

This is pure guesswork, but I think it makes more sense than the words quoted.

Cheers, Prime1

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Prime, my understanding was that capitalisation was shareholder equity less long term debt, whereas market capitalisation was purely share price multiplied by the number of shares on issue without taking debit into consideration. That being said, SYR's debt is not large enough to warrant the figures quoted.

TON Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held

SYR Price at posting: $3.19 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 29.5¢		Change 0.025(9.26%)		Mkt cap ! $305.2M

Open	High	Low	Value	Volume
28.0¢	30.0¢	28.0¢	$1.532M	5.275M

Buyers (Bids)

No.	Vol.	Price($)
7	184478	29.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	303617	12

View Market Depth

No.	Vol.	Price($)
6	159478	0.295
13	310340	0.290
12	835211	0.285
8	353887	0.280
11	297315	0.275

Price($)	Vol.	No.
0.300	203617	11
0.305	213560	6
0.310	306485	7
0.315	83015	7
0.320	142084	5

Last trade - 16.10pm 10/10/2024 (20 minute delay)

SYR (ASX) Chart

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