The current SP movement looks like an inverted reflection of what happened at the end of Q1. I would hazard a guess the instos who can afford to pay the exorbitant subscription fees to Asian Metals and co. are having an early look at China's graphite import numbers and they're looking good for June. You don't have to be Einstein to know 90% of the imports come from one mine.
I suspected this last qtr but didn't have enough to go on. I needed another data point. If the June numbers from SYR are good, then we'll know we're all a month behind the curve. The opening of Vidalia will muddy the waters in Q3 but after that we should be able to use the SP movement near the end of each quarter as a leading indicator.
It would also help if @Normandy7 can keep reporting the info from BAIINFO. No pressure
SYR Charts, page-2902
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30.0¢ |
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Mkt cap ! $310.4M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 28.3¢ | $1.092M | 3.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 418000 | 28.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 446291 | 6 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |