Long time since i posted on SYR. Sold around $1.20 before the big rise.
Am surprised i’s fallen this far. Can’t recall how much invested capital it has taken to build a world leading, super long LOM graphite position, with vertical integration on the horizon. WELL in excess of $1b though. At the current market cap, ridiculous. There are also-ran lithium stocks years from production with $500m-plus capex requirements, that are valued twice as much. SYR has a replacement cost value at well over twice the EV (value on market). if it were a global leader in lithium would be multiples of current value. IMHO expect a quick rebound or it stands vulnerable to an opportunistic bid. Industry peers would pay twice the current SP in a heartbeat if they could secure this leading position in a key Li battery commodity,.
Manipulation IMO. Not liontown hit approx $1.15 a few months back. Now $2.70. They haven’t even raised funding and built out plant.
SYR Charts, page-2781
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Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $1.380M | 4.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 126793 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 209602 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |