So the positives:
-Mgmt finally got off their backsides and attempted to address the SP slide
-No imminent need for a CR
Negatives:
-Prices received well under guidance with some wishy washy explanation. We've heard this type of story before right...always some reason why guidance not met.
-Then this gem "Syrah remains optimistic that improved prices are achievable"...really is that it!! They either have forward contracts with better prices or not. No half way house here, that sounds suspiciously like they either are not getting new contracts or not actually getting better prices.
-Wow cost mgmt actions continuing! As a shareholder I want statements a little more definitive like "cost mgmt actions have resulted in C1 costs decreasing by $20/t with further improvements likely"
Overall, I'm glad they released this but am really over this b.s. flowery language used in every single announcement. I believe the lack of clarity in their statements is a big problem for LT holders and a gift for shorter and traders. Anyone else feel that way?
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So the positives:-Mgmt finally got off their backsides and...
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