UPDATE: Glencore takeover of Syrah “unlikely”, says Investec
Published: Thursday, 10 July 2014
Market commentators believe that the risks associated with developing an exploration stage vanadium mining project will deter the trader from buying Syrah, while others have questioned the rumoured $2bn offer in light of the junior’s market cap.
A rumoured takeover of
ASX-listed junior miner Syrah Resources by Swiss
trading group Glencore is unlikely to come to
fruition, according to specialist banking group Investec.
Syrah Resources is at an advanced exploration stage at its
Balama graphite-vanadium project in Mozambique, but has yet to
begin mining at...