SYR SP Discussion, page-3

Hey Bayhunter, the graphite market and SYR's project fundamentals are as good as they have ever been. There is always that element of sovereign risk with African investments - it is always in the back of my mind - but I believe SYR has done a fantastic job with the local communities and Mozambique Government on that front. I believe the, not totally unexpected recent price retreat, was caused by two factors: the over-exhuberance of EV related input stocks in late 2017 and 2018. Most have been marked down heavily from their highs, including SYR; AND the situation with the downstream plant in Louisana has probably ruffled a few feathers. Otherwise SYR's fundamentals are as good as they ever were. In terms of the shorting, SYR has become the latest play thing for the market heavies - they will eventually short cover and move on to the next target stock in due course. Onwards and upwards.