SYR - Syrah Resources

[prawn_86]

I've seen valuations at around $12 for this company, good risk reward ratio there: 50c downside and $9.80 upside.

Care to share those valuation and reasonings?

 

[noirua]

Samples off to the lab now, only a matter of time before the JORC announcement.

It is usually possible to work out a JORC before the announcement by just going through the drilling results. I wasn't that far out on Sirius Resources nickel find, so don't expect anything surprising.
The sector has fallen with the price of graphite.

 

[basilio]

SYR Quarterly report is very, very encouraging.

The plans to mine the graphite are well advanced with pilot work, infrastructure development and community consultation all in place.

The digging and processing appears to be even cheaper than previously anticipated. they are suggesting a cost of $100 a ton.

Looking at the progress to date there should be some serious profits from SYR within 12 months.

http://newsstore.fairfax.com.au/app...code=syr&get_prices=Get+prices+&+charts&f=pdf

 

[basilio]

Last 2 days have seen some exceptional movement with SYR. Jumped from 2.30 to 2.80. Wondser if we will see a speeding ticket ?

The infill drilling to "prove" the JORC figures has returned outstanding results. In theory and hopefully in practice we should hear of confirmed JORC figures, an off take agreement and some swift action on mining in the very near future.

Then maybe we'll what a Billion dollar mine looks like.

 

[CD3]

Hasn't been mentioned recently.

Has held longer term support at $2.40 and nearly jumped aboard a few days ago. Was ambivalent as not sure why there was a bit of volume and interest but recent volatility and todays finish have it back on my radar.



Cheers

CD3

 

[basilio]

The Syrah train is moving... Big jump in SP from 2.50 to $3.60 in the past month. Why?

Two big announcements. Firstly a MOU of an offtake agreement with Chinalco. Looks as if Chinalco will buy 80-100,00 tons of graphite for their aluminum process. That is effectively underwriting the modest capital cost of their initial production.

Then today Syrah announced production of battery grade spherical graphite from their Balama deposits. This will be the core of millions of electric car batteries that are in line for production in the next few years.

http://www.proactiveinvestors.com.a...graphite-offtake-mou-with-chinalco-53499.html

http://www.syrahresources.com.au/si...e Spherical Graphite Produced from Balama.pdf

http://www.syrahresources.com.au/site/DefaultSite/filesystem/documents/PAC Partners Report.pdf

 

[piggybank]

It closed today at $3.89 (up 7.7%) on good volume.

 

[basilio]

Another steep jump in SYR this morning. Currently up 61c to $4.90

Seems to have been provoked by the the following story.

Glencore takes close look at Syrah Resources
PUBLISHED: 0 hour 9 MINUTES AGO | UPDATE: 0 hour 4 MINUTES AGO

Swiss commodities giant Glencore is understood to have made an informal approach to Syrah Resources that could value the graphite and vanadium junior at up to $2 billion.

http://www.afr.com/p/business/companies/glencore_takes_close_look_at_syrah_iOgwVxWkZH91bO4dbOGyZN

 

[basilio]

Still powering along. Currently $5.43. One would have to ask if/when questions are asked.

If Glencore is looking at a $2b price tag the valuation for Syrah is around $15..

There is much more detail in a SMH article which highlights the potential value of Syrahs huge Vanadium deposits.

This will fly..

http://www.smh.com.au/business/mini...-race-for-syrah-resources-20140710-zt27k.html

 

[basilio]

Trading Halt. No surprise there. Will be fascinating to see how SYR responds to the ASX questions....

 

[basilio]

Back on line: Still powering up on the basis of a leaked informal Takeover approach.

I think this smells. I can certainly see the huge value in SYR/CSE but IMO this looks like a deliberate kite flying exercise to push the SP up and perhaps attract other interest.

__________________________________________________________________

It would be very interesting to know when these informal private talks were held, and how they were so comprehensively leaked. The SP has jumped by 20% in the past 3 weeks.

 

[Gavstock]

I heard the informal offer was around 10bil

This thing is going to go through the roof!

 

[basilio]

I heard the informal offer was around 10bil

This thing is going to go through the roof!

Really !!. Better have something tangible there Gav. That sounds like an almighty ramp to me..

(The papers talked of maybe a $2B offer..)

 

[Gavstock]

Really !!. Better have something tangible there Gav. That sounds like an almighty ramp to me..

(The papers talked of maybe a $2B offer..)

i speak the truth brother...look at this go nuts over the next few weeks

up 36% in the last 2 days alone

 

[prawn_86]

i speak the truth brother...look at this go nuts over the next few weeks

up 36% in the last 2 days alone

Gav, ASF is not a place for un-substantiated ramps. What proof do you have of this?

If you feel this is going to 'go nuts' then what is the actual analysis of that comment? And the reasoning behind it. Is it based on fundamentals or technical? Where did you get this information that is not yet available to the market? etc

Please read the ASF posting guidelines.

Thanks

 

[basilio]

I think the takeover speculation on SYR/CSE is very suss. I don't doubt the value of the graphite/vanadium resource but I can't accept that Glencore were serious with an open ended informal offer.

Makes one wonder just who waned to see some serious action on these shares. Certainly a few shares have changed hands...

Glencore takeover rumour doesn’t add up

http://www.theaustralian.com.au/bus...ur-doesnt-add-up/story-fnciihm9-1226987437411

 

[basilio]

Six months later and we reopen comments on SYR!! Long time between drinks.

There have been a number of highly encouraging announcements in the past 6 months but today was probably the money shot. SYR announced a a 80,000 tons a year binding offtake agreement with Chalieco for the next three years. This seems to be sufficient to ensure the commissioning of the graphite mine and a healthy initial cashfflow

It looks as if the deal will be worth $80-90 million a year initially. There are a number of other irons in the fire.

Current SP $4.13

http://www.syrahresources.com.au/si...halieco Binding Offtake Agreement 10Feb15.pdf

 

[piggybank]

Six months later and we reopen comments on SYR!! Long time between drinks.

14 months on and I'll fire up the thread again.

Since the low of $2.41 in late September last year, the stock has been on the rise and closed at $4.53 today. On the daily chart (P&F) below you will be able to see that should it break the $4.60 high then it could go on to break the $5.85 high set in 2014. But then again it may fall back to the $2.40 mark.

The most recent news can be found by clicking on the link below:-

http://www.stocknessmonster.com/news-item?S=SYR&E=ASX&N=442316

​

 

[piggybank]

Well it closed in BLUE SKY today @ $6 (up 5%).

 

[basilio]

What a difference 10 months makes...
Commissioning of the mine and plant is now imminent. SP has been butchered . Currently $2.30. Apparently a favourite shorting stock on the market. Not quite understanding the thinking here. Anyone else have info?