I’d say that the Force Majeure will only be lifted when there are cast iron guarantees from the Moz Govt for the safe passage of goods.. And rightly so as that is part of the mining agreement.
Seeing as the Mozambique Govt owns a 5% equity stake in Syrah through Twigg Exploration as well as earning royalties and tax revenue - they would want the Balama mine up and running as quickly as possible.
Yes - it’s going to cause a drop in supplied quantity from the mine short term - obviously - BUT it also withdraws supply from the market and enables significant pricing leverage and contractual bargaining power over pricing structures when the mine begins shipping once again.
Cheers
DYOR IMO
SYR Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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