Ann: Balama Incident and Rectification Update, page-50

until now what is happening with syrah is vindicating my thesis : expected technical issues with commissioning and ramp up + lower than expeted price per tonne of small flakes + higher than expected costs per tonne + difficulty selling everything they produce and most importantly that both Longs (syrah is undervalued) and Shorts (syrah will go bankrupt) are wrong. I am still holding same view on syrah, at current market cap (700M$) it is still overvalued (less than before when it was at a ridiculously high 1 billion$ market cap) but it wont go bankrupt (thanks to prescient smart 200M$ two cap raised during last 2 years from management), with time the value will be realized but not in the short run. (+ still awaiting my entry price point to syrah, already disclosed it in a previous post no need to repeat it here). Good luck to all !