SYR Bloodbath

While I watch the shorts rise again it is clear the market value for this stock is closer to $2 than $3. It is a big mine and a great asset but the reality we are a long way off the graphite demand needed for this share price to rise sharply. The reality is China is going to be able to service themselves for a long time yet. Typically I have always accumulated when it has got this low but not this time. Progress is way too slow and the reality there going to need another capital raising. I will buy more stock when this is offered as I strongly believe this company will exist in 10 years time, so I will hold. I think there will be a capital raising before the end of the year. So I wish they would stop the bleeding and announce it at $2 now and make sure they can keep this mine alive for another 5 years when the world will finally need the product and it can start making a good profit. They need at least 100M to keep this thing afloat and confidence to Investors.