SYR 3.33% 29.0¢ syrah resources limited

The more I look at this story, the more this has got to be a...

  1. 8,061 Posts.
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    The more I look at this story, the more this has got to be a takeover. We have a $200 million mkt cap ahead of a huge boom in battery production, the scale of Balama makes it very attractive to one of the big global boys, we aren't some small niche play that wouldn't move the needle.

    Glencore was thinking $1.5bn to $3.5 bn ahead of the first boom in 2016/17 , this boom looks even bigger. Graphite price is currently rubbish, but not sure that's that important at the moment, focus is on securing long term scale supply which we offer
 
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