Post by
Mymoolah1 on Aug 14, 2015 2:08am
Recent spiral
I think that the recent spiral is overdone. The volumes have picked up and someone obviously has decided to exit their position for whatever reason. No-one is bidding it up as everyone is waiting for news. Being a TSX listed company, they are not able to hype the stock and they need to wait for material things to occur before they can release any info. Stocks usually fall off in the summer and I think that this but one of the reasons exacerbating the appalling performance of the stock. Another reason might be the bizarre announcement by Syrah. They seem to be putting the cart before the horse in raising money to build the mine without binding agreements for the offtake agreements. If they were binding then I would have expected them to have been able to do more non-dilutive financing. I am wading through the credit Suisse report which also seems overly optimistic. Personally, I think that it is currently a great buy. I am continuing to add to my position and dollar-cost average down on my position. Just my 2c, Mymoolah1