Sure, it’s well run, there is an EV boom including strong demand and I’m supportive of what SYR has achieved and their plan. There is no arguement and not why shorts continue to attack.
Its the ratio of SYR supply to the current (not future) market in what is a tiny industrial mineral. This is not opinion by the way...I can’t think of an example in mining like this before, can you?
Short term pain is coming as SYR product is steadily accepted and they force out some higher cost supply. Once the dust settles the sp should bounce back strongly. So it’s short term sell, definitely not the end of SYR.
Side note, it will probably be the best entry for the SYR expansion.
Sure, it’s well run, there is an EV boom including strong demand...
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $274.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.5¢ | $966.4K | 3.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 548863 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 128000 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |