Analyst doubt quells frenzy over Glencore-Syrah rumours
Published: Monday, 14 July 2014
Speculation that trader Glencore had offered ASX-listed Syrah Resources A$2bn for its graphite-vanadium exploration project in Mozambique sent shares in Syrah and neighbouring junior Triton Minerals soaring on the ASX last week. But while excitement over the reports is beginning to die down, vanadium and graphite remain firmly on the radar as investable minerals.
The flurry of excitement caused by
the rumour that commodities major Glencore had made an
informal approach to buy ASX-listed graphite and vanadium junior,
Syrah Resources, began to settle on Monday after a number
of market commentators poured
cold water on the reports.
News emerged on Thursday last week that...