Equityma, I think the shorts are getting desperate prior to the release of the quarterly.
the last 10 days 66% of all trade volume has been shorts trying to push the SP down or at least put a cap on it. the SP now is the same as it was 2 weeks ago after all this manipulation and the shorts are still at 21% so the net position has not changed.
SYR have previously said they will be cash flow positive in the second half of 2018. Even with the back of a coaster you can calculate that the current SP is deflated based on doubling the flake production in 2019 and ramp up of BAM which is fully funded.
I will believe what is written in the December quarterly and the March quarterly. And keep a close eye on the technical side which is looking very solid right now.
DYOR, GLAH
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 148068 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 160456 | 3 |
View Market Depth
No. | Vol. | Price($) |
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8 | 148068 | 0.220 |
23 | 983086 | 0.215 |
20 | 284361 | 0.210 |
9 | 257351 | 0.205 |
31 | 605433 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 109000 | 2 |
0.230 | 197500 | 4 |
0.235 | 226923 | 4 |
0.240 | 207470 | 6 |
0.245 | 84999 | 3 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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