Syrah management have made significant progress with both projects in past 6 months all at a time graphite prices are high as is demand - SP will reflect such soon enough.
Tesla binding agreement.
Continued production/processing improvements from Balama (to be seen soon in cash positive).
Critical additional shipping from Pemba (to be seen soon in tonnages/profits and lowering opex).
FID on Vidalia stage 1.
CR to fund Vidalia (having decided that was best option for stage 1).
FID on solar/battery storage plant at Balama (key esg improvements and opex reduction).
DOE low rate loan agreement (realized in next quarter).
Clearly some very big ticket items that have not happened overnight. Management have been very busy in setting up SYRAH for a clear run now.
Someone mentioned Lynas and I have used them also in the past as reference. As soon as reo prices lifted their SP lifted and Lynas - after years of positioning themselves and reported a cash positive quarter again it was reflected in their SP significantly - expect same with SYRAH.
You see why I "love" as you put it SYRAH - because their time has arrived.
Syrah management have made significant progress with both...
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $413.9M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 39.5¢ | $1.869M | 4.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 212814 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 29159 | 3 |
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| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
39.5¢ |
Change
0.005 ( 2.57 %) |
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| Open | High | Low | Volume | ||
| 40.8¢ | 41.0¢ | 39.5¢ | 3727359 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| SYR (ASX) Chart |