Agree that the company really needs to get costs under control, meet production guidance and get some solid interest (contracts) for the BAM products. Even though I am not impressed with the company's performance to date there is value at these prices. Looking at comparison stocks in the ASX MNS* has a current market cap of ~$213M and are yet to have any production so has plenty more risk. Yet SYR market cap is $490M or if you stripped out cash soon hand ~$400M. So with a large quality resource, established production infrastructure, and developing customer base should the SYR sp be so low?
*NB: No dispersions on the quality of MNS here and understand they have a slightly different business model. Just makes for an interesting comparison in terns of risk and company value.
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $269.0M |
Open | High | Low | Value | Volume |
26.5¢ | 27.0¢ | 25.3¢ | $1.651M | 6.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 124242 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 54541 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 26242 | 0.255 |
9 | 402700 | 0.250 |
6 | 89591 | 0.245 |
13 | 468507 | 0.240 |
7 | 153250 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 199499 | 5 |
0.270 | 153743 | 7 |
0.275 | 443600 | 9 |
0.280 | 322253 | 7 |
0.285 | 213500 | 5 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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SYR (ASX) Chart |