Mason tracking Syrah
If anyone else is wondering about the bizarre trading in Mason lately, look no further than the 1 year chart for Syrah Resources (SYAAF in the US). The charts for Mason and Syrah are virtually identical; steep rise beginning in September, peaking Oct-Dec, steep decline in January, small spike in March, then finally abrupt decline in early June. This is likely an ETF fund either buying or selling graphite stocks at the same time. Syraah's market cap ($634 mm) is much bigger than Mason's ($180 mm including $40 mm cash, plus $35 mm GRA shares), so it's pretty obvious who is tracking who. It's very interesting to note that the recent June decline in Syraah, resulted from missed first half production guidance (32-34 mm tonnes produced vs 40 mm expected, due to floation cell problem) and news of terrorist attacks in Mozambique, both of which having nothing to do with Mason. Eventually, Mason will go on its own path as production gets closer, but in the meantime perhaps something we can take advantage of. The Mookster