I agree that the short term outlook is not good. Slowing global economy, and too much graphite in the market to see a price rise. However, the medium to longer term outlook is still quite good. In fact, if you do some basic numbers using their goal of getting costs under $300/t, and a conservative improvement in sales prices to $600/t, at 400k tonnes pa, SYR would be making about 120mil, pricing the company around 1.2 bil. Investors with a long term outlook would be buying more at these prices I'd imagine. However, could fall further before sentiment improves.
I agree that the short term outlook is not good. Slowing global...
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Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $437.0M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.5¢ | 50.0¢ | $3.152M | 6.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31032 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 244400 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
51.0¢ |
Change
0.015 ( 2.18 %) |
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| Open | High | Low | Volume | ||
| 50.5¢ | 52.0¢ | 50.0¢ | 1170245 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| SYR (ASX) Chart |