SYR Charts, page-2758

Hi Proga ... yes ... first it was a capital raising when SP was in the mid 90c ... offer was 81c ... so SP dropped to 80c. Then shortly after they mothballed the mine for nearly a year ... the shorters had a field day or should I say a few months ... SP dropped to 50c then 30c and then all the way down to 15c.
At that time there were only about 400 to 500 million shares ... SYR had over 100 million in the bank plus an operating mine if they could sell ... China was the only market and they were only paying less than SYR costs to mine. Still things haven't changed that much except now SYR has an operating mine and almost operational processing plant. Sometimes I wonder if the Shorters are not working for a Chinese company as SYR gets hit really heavily compared to other companies, even ones in the same field. How do you think it would go if other graphite companies who are asking for funding ... financial organisations would just laugh, if Aussie Super wasn't backing SYR the company would already be dead in the water years ago. So much for free market place.