Ann: Syrah Announces Resignation of Managing Director-SYR.AX, page-67

Hi Prime1,

I have been calling this for some time and have made no secret SYR is just like TON but with a heap of money in the bank. As you are the King Louie of the SYR thread, I am not sure how you will spin this but your earlier attempts today have not been your best work....

Here is a great idea, lets go build a mine (but no bank will give us the money) so let's raise the cash north of $6 with Credit Suisse doing the majority of the pumping, so they can collect some very serious fees. I wonder how those punters feel now after setting fire to their cash after investing at over $6...?

Lets look at the facts,

No1 - Paul Keyhoe your ex MD holding approx 12% of the company resigns and sells out everything collecting a lazy $57m

No2 - SYR still does not have a high value battery end user as a customer. Not one, but it keeps spinning it's flake is going to be used in high end batteries.

No3. Tolga Kumova now resigns and I understand he was holding approx 9% of the company. It should be noted he replaced Paul Keyhoe so was Tolga selling today just like the previous MD?. Time will tell...

No4 - At the start we had Paul Keyho, Tolga and Tom Edie as the 3 amigos. All now gone and cashed out.

So when will the alarm bells start ringing for you Prime1? How is it SYR have been the most shorted stock on the ASX in recent months and now the MD/CEO pulls the pin. Oh thats right "just simple bad luck". Could anyone seriously try and tell me this was not known by the smart money.... Why would SYR be the most shorted stock on the ASX? Who else knows SYR flake is akin to chinese junk flake?

SYR has been unable to sell it's product to the high value end of the market and anyone testing at this end of the market has walked away after receiving samples. Paul Keyhoe walked and sold out, and now the Great Tolga. These very smart guys knew more than anyone and both pulled the pin.

I have been telling you for years SYR is a house of cards as your product simply does not stack up....... Building a very expensive mine without customers will only have this end in tears.



As I always say Prime 1 "Best of Luck mate as you will need plenty of it"

Love Always 1973 xoxoxoxox