After it asked investors to stump up cash for the fifth time in four years, it's easy to see why short-sellers might figure Syrah Resources an easy mark.
Even before Wednesday's capital-raise announcement, they held (in a manner of speaking) 19.6 per cent of Syrah's shares. That figure will only rise higher in coming days.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
