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.
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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($) | Vol. | No. |
---|---|---|
24.0¢ | 110000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 63284 | 0.235 |
18 | 397267 | 0.230 |
8 | 428208 | 0.225 |
12 | 610989 | 0.220 |
6 | 511107 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 174114 | 3 |
0.250 | 303056 | 7 |
0.255 | 216147 | 5 |
0.260 | 251811 | 5 |
0.265 | 76717 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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SYR (ASX) Chart |