Ann: Balama Incident and Rectification Update, page-52

Im usually good at not biting but oh well....I suspect you are a climate sceptic or flat earther...

On the short front, when are you suggesting SYR was almost bankrupt? I have a feeling you are confused with the difference between debt and credit via a capital raising....And besides, why would shorts be involved due to bankruptcy that has already been avoided?

Your paragraph on selling is hard to read (grammatically)...but thanks for the lesson on 'how the graphite market works'. I dont know what 'binding takes' or 'pay off-takes' are so please enlighten me...SYR have several binding (thats a legal term) sales/offtake (offtake is all one word btw) agreements which require one party to, legally, back out of the deal. The arguement you should be making against me - instead of talking generally about 'knowledgeable analysts' disagreeing with me - is that SYR needs many more binding agreements. This is especially important given the fact that construction and steel production have come off the boil in china. But you haven't made that arguement...i have.

I honestly dont mind people correcting me but please use your own logic. So instead of saying 'sellers of graphite would say you're wrong', tell me what they would actually say and what facts are available to tell me im wrong...

Faithfully, R1