SYR 1.02% 49.5¢ syrah resources limited

Takeover Target - big boys after scale

  1. 7,940 Posts.
    lightbulb Created with Sketch. 572
    The more I look at this story, the more this has got to be a takeover. We have a $200 million mkt cap ahead of a huge boom in battery production, the scale of Balama makes it very attractive to one of the big global boys, we aren't some small niche play that wouldn't move the needle.

    Glencore was thinking $1.5bn to $3.5 bn ahead of the first boom in 2016/17 , this boom looks even bigger. Graphite price is currently rubbish, but not sure that's that important at the moment, focus is on securing long term scale supply which we offer
 
watchlist Created with Sketch. Add SYR (ASX) to my watchlist
(20min delay)
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
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.