Dispatch, I have casually followed SYR's sp during its fall from a high of $6.40 and now down to 83c today!
"Macquarie have a target price of $4.70 and UBS $4.60 and Credit Suisse $6.40", a quote from a post on the SYR page. (unsubstantiated)
SYR have a lot of sales booked up, no debt, a large resource and money coming in. There is no comparison to VRC which has some land, a high cash burn rate, highly paid directors and no financing to start a mine!
In fact, SYR looks like a good buy to me, but has the sp still got some more to fall? Could be a way to make 50% at $1.20 or 100% at $1.60 and still be a huge way below unsubstantiated broker targets for the sp, of between $4.70 to $6.40!
No news on the VRC front from anyone? Has Trevor spent all that time in Tanzania supposedly to meet the king, for nothing?
VRC Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)