SYR 2.80% 52.0¢ syrah resources limited

Credit Suisse

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    Credit Suisse rates SYR as Outperform (1) -

    2019 production estimates have been downgraded by more than -30% to
    152,000t. Credit Suisse notes this is driven by the market rather than
    operations, given a softening in demand and prices.
    This is attributed to increased domestic supply in China and supply from
    Madagascar. Purchases in China have been delayed as customers draw on
    inventory. The broker notes similar buying behaviour in the lithium sector.
    Regardless, Credit Suisse considers the increased reliance on lithium-ion
    battery technology is unchanged. Target is reduced to $2.30 from $2.40.
    Outperform retained.
    Target price is $2.30 Current Price is $0.47 Difference: $1.83
    If SYR meets the Credit Suisse target it will return approximately 389%
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Mkt cap ! $221.1M
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52.5¢ 54.0¢ 51.0¢ $952.7K 1.829M

Buyers (Bids)

No. Vol. Price($)
4 79332 51.5¢

Sellers (Offers)

Price($) Vol. No.
52.0¢ 48992 2
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Last update - 16.10pm 17/09/2019 (20 minute delay) ?
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53.0¢ 54.0¢ 51.0¢ 518623
Last updated 15.59pm 17/09/2019 (live) ?
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