SYR 3.17% 32.5¢ syrah resources limited

It's an interesting thought, Bigstar, but I'm not sure just who...

  1. 2,038 Posts.
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    It's an interesting thought, Bigstar, but I'm not sure just who is your intended audience. Most SYR holders are very aware that long strike length, and good EM surveys, do not a graphite mine make!

    EM surveys give beautiful maps for a prospectus, even when the graphite content is only 5% - 7%. These days, that just doesn't cut it.

    Rock chips and broad-brush surveys may well get the day-traders excited, but I suspect that many SYR shareholders have their sights set on strong long-term growth associated with business dominance, and a rich stream of dividends from the Balama operation. There have been a few quiet warnings of late about the likelihood of some of the newer, and smaller, entrants to the business ever establishing a mine. If they fail, what happens to investors' funds?

    Comparing companies purely on the possibility of achieving multi-bagger returns is plain simplistic.

    There is also a little thing called risk.

    Cheers, Prime1
 
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