Thoughts on stock price of SYR
What is your view on SYR ? The company does not miss any opportunity to raise funds and dilute share price and investors wealth.
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Answer
Hi,
SYR is engaged in the production of natural graphite out of Mozambique, the stock has struggled of late along with the majority of the ESG space even though graphite is used in the growing battery market.
- Syrah (SYR) is the 3rd most shorted stock on the ASX with 13% of it held short.
SYR has been a seral underperformer over recent years not helped by its willingness/need to raise capital. We do think the stock could easily rally strongly from here, but it’s a very high risk, very aggressive trade and not one for MM.
