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?
Will Syrah affect VRC?, page-2
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Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $5.147K | 1.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 24674847 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 3013538 | 5 |
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| Last trade - 15.48pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 16750 | ||
| Last updated 10.42am 24/05/2024 ? | |||||
| VRC (ASX) Chart |