SYR 4.35% 22.0¢ syrah resources limited

Target production of 250kt to 300kt for CY2019. So far they...

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    Target production of 250kt to 300kt for CY2019. 
    So far they already locked in more than 118kt to date. I guess we will hear more offtakes soon since they start ramping up their marketing.
    China continue to close down more graphite mines due to environmental impact. Demand is likely to pick up very soon. 

    * 20/12/18:  A binding term sales agreement (“Agreement”)with Qingdao Langruite Graphite Co. Ltd., (“Langruite”). The Agreement is for aminimum of 48kt of natural graphite from Balama in 2019, with an additional12kt at Syr.h’s option.

    * 07/11/18: A binding term sales agreement(“Agreement”) with Qingdao Taida-Huarun New Energy Technology Co. Ltd.,(“Taida”). The Agreement commences immediately and is for 20kt of naturalgraphite from Balama by 31 August 2019.

    * 04/12/17: Syrah Resources Limited (ASX: SYR)(“Syrah” or “Company”) is pleased to announce that it has signed a bindingsales agreement with Zhanjiang Juxin New Energy Materials Co. Ltd (“ZhanjiangJuxin”). The agreement is for 20,000 tonnes of natural graphite from the Balamaoperation in 2018.

    * 08/09/17: Syrah Resources Limited (“Syrah”)is pleased to announce that it has signed a binding sales agreement with JixiBTR Graphite Industrial Co. Ltd., a wholly owned subsidiary of Shenzhen BTR NewEnergy Materials (“BTR”). The agreement is for 30,000 tonnes of graphite fromthe Balama operation in the first year of production.

 
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22.0¢
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Mkt cap ! $232.8M
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23.0¢ 23.5¢ 21.8¢ $592.6K 2.639M

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