PINL:SRHYY - Post by User
Comment by 1studenton Jan 13, 2025 2:56am
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Post# 36400550
RE:Let's see
RE:Let's seeMaterialsMan,
You stated "165 million windfall announced tonight. Mkt. cap of @ 125 million.
Maybe there will be a bump on Monday".
That $165 Million tax credit will likely immediately be monetized by way of an advance loan of $165 Million or so, minus transactional fees and interest payable in arrears I suspect.
I'd say a 20% to 60% move upward in the Syrah Resources Ltd share price today is doable.
The news article suggests Syrah may utilize what would ultimately become $165 Million of advanced capital for the potential expansion of the Vidalia active anode material facility in Louisiana.
It could be - speculation on my part - that actually two strategic business development investment initiatives would be made possible with what would be the advanced, by a certain financier of course, $165 Million worth of capital, i.e. both the buildout of additional CSPG anode maufacturing capacity at Vidalia and also a downright necessary purchase of an equity interest in and partnership with a U.S. based or even a certain Canadian based graphite bearing lands project developer and would be graphite mine developing company; doing so in order to guarantee Syrah cusomers, e.g. Tesla and others, that a secondary - more like primary - source of the company graphite material feedstock supply would be secured from a company primarily situated within the U.S. and/or Canada.
Hmm? It's possible that AustraliaSuper and Syrah Resources may be going shopping for an alternative graphite material feedstock supplier.
For God sakes, prudence would dictate they together do exactly that.
We'll certainly see what kind of a share price journey Syrah's share price would embark upon today, during regular hours trading at the U.S. Pink Sheets market.