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Serial raiser Syrah tests AusSuper’s long-term promise

The critical minerals rout has claimed another victim – graphite group Syrah Resources, which is back asking shareholders for more money.

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If you are going to go to shareholders for fresh funding eight times in nine years, you need true believers. Without them, it is goodnight nurse.

Syrah Resources, an ASX-listed graphite miner and electric vehicles play, is lucky to have the biggest of the true believers in AustralianSuper.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/serial-raiser-syrah-tests-aussuper-s-long-term-promise-20240313-p5fc1l