SYR 3.17% 32.5¢ syrah resources limited

I believe interesting times are ahead, Shorters were down to 4m...

  1. 163 Posts.
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    I believe interesting times are ahead, Shorters were down to 4m SP $2.50 in Dec 22, then the push was on by Mar 23, up to 18m, SP down to $1.60. Now Jun 23 up to 41m, SP down to $0.90. These are approx figures, for May & Jun the has been trading in a fairly narrow range $0.80 to $1. But as you can see the volume trading by Shorters increased dramatically (23m) as they continue to hold the SP down by committing to higher volume.
    At some point in time they will need to return the shares, which means they need to purchase them back. My thinking is when SYR announce that the processing plant is operational then the SP will move upwards quite rapidly, driven not only by the Shorters but also the market. With all the articles coming out about Graphite and SYR being in the thick of it all, there is going to be a lot of companies jumping onboard. I have taken my own advice and acquired more shares, last time the SP was here SYR only had the mine and very little interest outside. Now everyone is aware that China is stifling the competition, even the different Govt are getting involved as they know it isn't in the western world interests to have SYR fail.
 
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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
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
SYR (ASX) Chart
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