Australian (ASX) Stock Market Forum

SYR - Syrah Resources

100% rise is not a bad effort at all. It even dragged AXE up 10%.

For the record, SYR drilled a great hole in Mozambique. AXE is drilling in South Australia.

That's stretching the concept of "nearology" a bit too far, isn't it?
 
I much prefer TLG, market cap is much smaller and closer to a JORC resource with infrastructure nearby to bring the deposit online but hats off to whoever bought into SYR, 10 bagger in months. Wish there was a graphite producer then I might have caught this craze, not a fan of buying deposits, don't know enough geology or TA to know which one to pick.
 
Anyone know why everyone is so hot on TLG?

Anyway, another graphite miner being pumped on RADARWATCH is CDT

Big money in 2012 could be on another graphite stock... everyone's trying to find the next graphite minnow that could be the next SYR.

I am not so hot on TLG because I read somewhere they needed a CR within the next 2 quarters. But who knows.

@suhm, JORC or huge commodity deposit anns does WONDERS to a s/p. Not sure why not many ppl hunt for JORC estimate release dates. Just look at what it did to PEK (now down over 70-80% since, but still, that pre-estimate ramping does wonders to a share price)

I think from what i can remember CDT is expecting an ann within 2012 regarding deposits.

Nevermind - Kambale Graphite Drill Results

Wow, missed the boat.
 
@suhm, JORC or huge commodity deposit anns does WONDERS to a s/p. Not sure why not many ppl hunt for JORC estimate release dates. Just look at what it did to PEK (now down over 70-80% since, but still, that pre-estimate ramping does wonders to a share price)

Have you read the posts by a poster called BESBS Player?

BESBS = Buy Early Sell Before Spud. Similar idea to your JORC.

The problem with both approach is the uncertainty with respect to timing. Look at what CDU did with their JORC release back in 2010.
 
Have you read the posts by a poster called BESBS Player?

BESBS = Buy Early Sell Before Spud. Similar idea to your JORC.

The problem with both approach is the uncertainty with respect to timing. Look at what CDU did with their JORC release back in 2010.

Oh, so his name is an acronym :D I like his style

Uncertainty yes, but I have caught quite a few (with rampers mostly) - THR, PEK, SYR, PRR to name a few.

Also, can easily be trapped with a C/R or trade really bad trades.. won't bother mentioning these stocks :)

Very risky but hasn't turned out too badly so far...
 
I bought more SYR as soon as the 287m hole was announced and jagged them for average $1.39. I bought more on Friday at $1.80 when the large seller (400K)appeared at $1.83. My average is now 88c and anyone can have them at $10.

Personally, I think the only way to play the graphite game is to be in the largest project with with best grade as it's a direct contract market not a spot market like copper or gold. SYR fits the bill. The resource is shaping up as truly gigantic. If one looks at the diagram on their recent announcement showing the drill holes, you can quickly work out the resource is so large they will never need to mine down to that 287m depth. I'd be surprised if they even bother to drill down to 287m on future holes. There's no point.

Like the rare earths bubble, there will only be a couple of serious graphite players standing strong in two years. My cash is betting heavily on SYR.
SYR has the size, grade, metallurgy and will have no problems raising cash to build a plant. I see $1.91 as very cheap still and for those who balk at $1.91, CSE who own 11M SYR shares is an alternative entry into the project at a mere 17c.

I'll put my head on the chopping block right now and declare SYR will hit $5 before the end of 2012 maybe above $8 if the JORC comes out this year (which I expect).
The current market cap is just too cheap...still, based on how large this resource is shaping up to be.
 
In a sea of red across the market, SYR is up another 13% to $2.40 this morning. CSE (who own 11M SYR shares) are also up 13% to 21c.
 
They raised $6M at 60c not long ago. Don't need anymore cash. Fully funded for the rest of the 2012 drilling program.
The trading halt is in relation to more drilling results.
 
For real!! Please mate, check out SYR stuff. They are well cashed up.

They will be making an announcement on the drilling at the graphite drill. It will just more of the same - limitless high quality graphite .:)

The reserves volume will be meaningless after the first billion tonnes.

I agree. What we will see by year end is a JORC on the two high grade zones. The entire resource (7km X 2km) will contain billions of tonnes of ore. The initial JORC will probably be "small" and very high grade all from surface. Probably 200M tonnes at 15%+. That will make that "small section" the 2nd largest JORC resource on the planet capable of supplying 30+ years of flake graphite.
 
The build of buyers pre-open looks great for holders, not so good for me wanting to get some of the action. :(

Not sure how this will play out.
 
Will that hurt the SP?

I'd like to get some at a decent price if possible. Holding none right now.

HI GB

I am holding none, so I am not qualified to post here.:eek:

My experience is that a company will pump the SP (Share Price) before a C/R (Capital raising) in order to reduce/minimise the dilution! Also allows for attractive premium.

Two big factors on SP are market conditions (currently whipsawing) and shareholder sentiment. This one is currently a "market darling". It may be one of few companies which can run strong through a cap raising. :2twocents
 
The build of buyers pre-open looks great for holders, not so good for me wanting to get some of the action. :(

Not sure how this will play out.

The interesting part will be how quickly SYR can get into graphite production. Given the current results I would have thought they would be already have a team quietly sizing up plant location. costs, transport, off take agreements ect.:2twocents
 
HI GB

I am holding none, so I am not qualified to post here.:eek:

My experience is that a company will pump the SP (Share Price) before a C/R (Capital raising) in order to reduce/minimise the dilution! Also allows for attractive premium.

Two big factors on SP are market conditions (currently whipsawing) and shareholder sentiment. This one is currently a "market darling". It may be one of few companies which can run strong through a cap raising. :2twocents

The trading halt request says interim drilling results so you've got to take that to be the case at this stage. Cash at bank ~$6m after the Apr placement so there's no immediate for cash. Whether they decide to get a little bit more cash in is another matter.

Looking at the way prices held up very well after the initial burst suggests this is not a one-off pump and dump capital raising ploy. The market cap is well ahead of actual prospect of making money, but either the share price can come down or the facts can catch up to the price.

Now... what's the global annual demand for pencil lead last year?
 
The trading halt request says interim drilling results so you've got to take that to be the case at this stage. Cash at bank ~$6m after the Apr placement so there's no immediate for cash. Whether they decide to get a little bit more cash in is another matter.

Looking at the way prices held up very well after the initial burst suggests this is not a one-off pump and dump capital raising ploy. The market cap is well ahead of actual prospect of making money, but either the share price can come down or the facts can catch up to the price.

Now... what's the global annual demand for pencil lead last year?

OK. Apologies to all. I was looking at cash in bank at the begining and end of previous quarter.
Could not see a report for apr placement, ... so I jumped to wrong conclusion!!
 
They've got heaps of cash to drill all year until the wet season. JORC will be out at the end of the year.
Awaiting Friday for the drill results of holes 2 and 3.
 
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