SYR 1.02% 49.5¢ syrah resources limited

It's a bad time for anyone who bought SYR in the last few...

  1. 114 Posts.
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    It's a bad time for anyone who bought SYR in the last few months, what are holders thoughts? I'm thinking I'll go down with the ship, on paper everything seems good and should go higher so I might stick with it and hope



    Marchi84 you are so correct. However I would add it is also a really bad market for flake graphite. Supply/capacity up and market prices down. The battery market demand is just not growing fast enough to consume all the excess capacity thus market prices will remain low for many years to come.

    Syrah is going to experience the difficult graphite market conditions. As I see it Syrah will need a lot more working capital then the 50M they are discussing if they are going to survive.

    This is why the share price is decreasing. The market is waking up and realizing that Syrah is overvalued.

    My advise to investors is wait for share price to drop below 1 per share before you invest.
 
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Last
49.5¢
Change
0.005(1.02%)
Mkt cap ! $405.6M
Open High Low Value Volume
50.5¢ 50.8¢ 49.5¢ $2.472M 4.945M

Buyers (Bids)

No. Vol. Price($)
8 140111 49.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.5¢ 80000 3
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
49.8¢
  Change
0.005 ( 1.30 %)
Open High Low Volume
50.3¢ 51.0¢ 49.5¢ 1246024
Last updated 15.59pm 29/03/2024 ?
SYR (ASX) Chart
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