Understand where SYR is and where it is going. Shorts have been waiting for the removal from 200 (hopefully grand finale) . Price is ridiculously low. Syr is reducing the amount of capital required to operate into the future. At current revenue ($22M a quarter) Syr has four quarters of capital to run. However this will extend to 7 quarters as capital requirements drop over the next three quarters. In addition, sales are growing and cash flow will increase. That will drive SYR to positive cash flow. By this time the Spherical plant will be shipping at very high rates.
Thinking its time to consider doubling down.
Understand where SYR is and where it is going. Shorts have been...
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $248.3M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $1.021M | 4.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1014192 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 190056 | 6 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |