Seeking Alpha

cdchi1

cdchi1
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Syrah Resources Intersects High Grade Coarse Flake Graphite At Balama  [View instapost]
    I would hope it doesn't get pushed to far beyond November, though not to fussed if it does personally.

    Wasn't surprised by market response to the initial assays, hence why I said they would have a minor impact...infact thought it would get belted a lot more given what a bad day on the market it was when released. The bounce back on Monday was encouraging.

    I expect a little bit better reaction to the upcoming results, particularly hole 22 when reported.

    Wouldn't worry too much about short term price movements...just traders (as you said) and weak hands getting in and out.
    Sep 5, 2012. 12:54 AM | Likes Like |Link to Comment
  • Syrah Resources Intersects High Grade Coarse Flake Graphite At Balama  [View instapost]
    Hi Janet

    There are 3 catalysts for potential price appreciation:

    1. Assays (soon) - minor impact
    2. Resource announcement (hopefully Sept/Oct) - medium impact
    3. Offtake partner (no idea about timing) - large impact

    While I expect assays will be well received by market, they are pretty much just a clarification of visuals already announced so not expecting too much, unless that supersede the visuals (ie the grade is better than the trench sampling)

    Resource shouldhave a significant impact as it will confirm imo that this is the biggest deposit in the world (by a fair margin)...though the initial resource is likely to be only a fracton of what it will eventually be.

    Getting an offtake partner is the BIG ticket item, especially if it can be structured without issuing shares to the partner. I would like to see them selling 10-20% of the project to a large partner for ALOT of money (more than its market cap). Getting a partner pretty much indicates to the market that this is not like the plethor of other graphite wannabes out there (though would think the current market cap should be telling them that already anyway).

    Good luck...feel free to msg me if want to discuss more.

    Cdchi1
    Jul 11, 2012. 12:25 AM | Likes Like |Link to Comment
COMMENTS STATS
2 Comments
0 Likes