ROFL. What does this mean? - You think the board is informed when in the last quarter they stated ooops we didn't monitor the production of synthetic graphite and kinda didn't see it was in over supply, sorry share holders well cut production and put our hands out again to AusSuper (Mum & Dad to the rescue again).
The Chinese have built enough synthetic to meet triple the demand. It has been going on for the last 18 months. It's not overnight news. I've been reporting it in here for 12 months. What's news is the switch to synthetic in the last 3 months. Exactly what were you expecting SYR to do?
1/ Knock down the plant?
2/ Run it at full production anyway and just dump the concentrate into the bush?
3/ conserve costs and run it at a production rate to meet current orders?
SYR Charts, page-2762
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $243.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.5¢ | $703.0K | 2.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 211145 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 110000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |