Yes, comforting knowing that the sellers are just traders 'protecting profits'..
We already saw the sp halve once before during the mini warrants debacle. Hindsight has shown that that would have been a terrible time to sell and if you had bought more during that period you could have tripled your money only 12-18 months later.
Anyway, yesterday's announcement mentioned the BFS will be based on approx 280ktpa graphite production. At base case margin of approx $800/t that equates to over $200m a year free cashflow starting in mid 2016. Vanadium to be added shortly after providing another approx $80m pa initial free cashflow taking us to over $300m pa within next 2-3 years with huge upside (volume and pricing) from there. Current market cap of ~$800m does not look stretched based on these 'base case' scenarios.
SYR chart, page-5
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 (20min delay)
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Last
28.5¢ |
Change
-0.010(3.39%) |
Mkt cap ! $294.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.0¢ | $1.469M | 5.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 498635 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 127651 | 4 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |