Syrah Resources (SYR) is currently in trading halt pending assay results from it's Balama Graphite Project. Major shareholder Copper Strike (CSE) is also in trading halt for the same reason.
One stock that has recently captured attention of the market is Triton Gold (TON). Yesterday's spike of $0.03 or approximately 43% to $0.10 attracted a "please explain" from the ASX to which the company advised it had no news to announce or explanation on the increase in volume and share price. Trading today in the stock was frenetic as it surged to a high of $0.12 with a VWAP of $0.105759 and closing price of $0.094.
Triton Gold is definitely a stock to add to the watchlist. It has a market capitilisation of $10.2 million compared to Syrah Resources lofty $370 million. TON's share price has been running on the fact that it has acquired the rights to purchase 5 graphite prospecting licence applications in Mozambique. The ground is only 2km away from SYR's.
Showing posts with label Syrah Resources (SYR). Show all posts
Showing posts with label Syrah Resources (SYR). Show all posts
Wednesday, August 29, 2012
Monday, April 30, 2012
Graphite Frenzy!
In the past there has been uranium and rare earths, today the latest craze is graphite stocks. Diggers & Drillers has been a publication that has always been a bit of a market mover but last weeks edition has really captured the attention of the market. I would never reproduce a copy of a research report for legal reasons however one of the stocks mentioned (Syrah Resources - SYR) has uploaded the report 'Welcome to the World of Strategic Mineral Investing' to their website and here is the link. The report recommended Syrah Resources and included a table of other graphite stocks including:
Archer Exploration AXE
Castle Minerals CDT
Lincoln Minerals LML
Malagasy MGY
Strategic Energy SER
Talga Limited TLG
A quick scan of these stocks today shows that most were up about 20% and very strong.
I don't usually blow my own trumpet and don't necessarily think that I am by saying this, but it was really interesting to look back at a post that I made over one year ago referring to Graphite. SER was trading at $0.10 pre ex entitlement to Tarcoola shares. Funnily enough, I also posted about SYR at the start of February when it was at just over $0.40!
I'm not making any recommendations in this post but merely pointing those to the Diggers & Drillers report that haven't read it and reflecting on previous posts.
Archer Exploration AXE
Castle Minerals CDT
Lincoln Minerals LML
Malagasy MGY
Strategic Energy SER
Talga Limited TLG
A quick scan of these stocks today shows that most were up about 20% and very strong.
I don't usually blow my own trumpet and don't necessarily think that I am by saying this, but it was really interesting to look back at a post that I made over one year ago referring to Graphite. SER was trading at $0.10 pre ex entitlement to Tarcoola shares. Funnily enough, I also posted about SYR at the start of February when it was at just over $0.40!
I'm not making any recommendations in this post but merely pointing those to the Diggers & Drillers report that haven't read it and reflecting on previous posts.
Wednesday, February 1, 2012
Market Action Today
The market got hit today with the ASX 200 dropping 37 points to 4225.7. Fairfax Media (FXJ) jumped $0.075 to $0.815 after it was revealed that Gina Rinehard grabbed another 10% of the company. The stock had a massive turnover of over 226 million units. Questions are being raised as to whether she is trying to take control of the company to promote her political and resources views via content.
The market may have gone down today but there was still no stopping Maverick Drilling (MAD) and Syrah Resources (SYR). Take a look at their amazing charts below:
MAD has doubled since being mentioned in the The Motley Fool email recently however encountering oil in the first test well at their Boling Dome Field has helped it on it's way. I'm none the wiser on SYR however it's other graphite counterpart Strategic Energy (SER) has been also been strong of late with investors taking positions before the ex-date is announced on distribution of Mega Graphite shares.
Mantle Mining Corp (MNM) continued to strengthen since I first posted on it on 19/01/2012. Today the stock closed up $0.011 to $0.105 on healthy volume of 4.5 million shares. Watching the stock today the market depth has been improving. The stock just needs to break that wall of sellers at $0.105 (2,148,467 shares) and then it will be very interesting.
Finally, the most promising stock that came up on my trusty scan today was Pan Asia Corp Ltd (PZC). The stock traded 1.5 million shares and increased $0.03 to $0.145. I've seen this stock be a bit of a leaky ship before price sensitive announcements in the past.
The market may have gone down today but there was still no stopping Maverick Drilling (MAD) and Syrah Resources (SYR). Take a look at their amazing charts below:
MAD has doubled since being mentioned in the The Motley Fool email recently however encountering oil in the first test well at their Boling Dome Field has helped it on it's way. I'm none the wiser on SYR however it's other graphite counterpart Strategic Energy (SER) has been also been strong of late with investors taking positions before the ex-date is announced on distribution of Mega Graphite shares.
Mantle Mining Corp (MNM) continued to strengthen since I first posted on it on 19/01/2012. Today the stock closed up $0.011 to $0.105 on healthy volume of 4.5 million shares. Watching the stock today the market depth has been improving. The stock just needs to break that wall of sellers at $0.105 (2,148,467 shares) and then it will be very interesting.
Finally, the most promising stock that came up on my trusty scan today was Pan Asia Corp Ltd (PZC). The stock traded 1.5 million shares and increased $0.03 to $0.145. I've seen this stock be a bit of a leaky ship before price sensitive announcements in the past.
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