Big write up on SYR by Garimpeiro (Barry Fitzgerald) in today's Age newspaper too gave it another boost...wrote up Citadel as well, another company operating in Saudi Arabia.
Big difference between SYR and CGG is SYR just starting to move. Only 30 million shares on issue gives it a market cap of diddly squat...compare that to CGGs market cap of OVER $600M !!!!!!
Been a holder in SYR since the float, and have been accumulating up to 10c.
Sweet deal for Jacana holders. An unlisted company worth net assets of $400K ends up vending into SYR for $4.5M. Nice ten bagger for the Jacana holders who just happen to include a broker from Shawstock. His interests have ended up with 15% of SYR for what appears to be an initial $100K investment in Jacana.
Wonder how much Jacana paid for the African assets?
I own a few. Market cap is crazy but will probably go higher as it's being pumped by a broker from Shaw. The said broker owns about 15% of SYR. Of course he's going to pump it. This is trading on a market cap of about $75M more than what was paid to the African interests. Way overvalued but I reckon a pump to $1 is on the cards and then my small holding will be sold. Cap raising a certainty at that stage.
Sold a small parcel at $1.30 but still hold more than a few. If they've got what they think they've got, this will have a $4 in front of the share price by year end. The more I research the flake graphite market the more I understand the significant upside.
Excellent initial drilling result. Graphite all the way down at high grades.
A very bright spot on a dismal day.