Ann: March Quarterly Activities Report Presentation, page-14

Whaaat? @thepennypinch states:

"even more concerning that there is no coated Spherical buyer"

How on earth can you expect a company to have sold a product when there is not yet either a plant to produce that product, or a formal plan to set up such a plant?

Page 11 of the Quarterly Report states:

" Syrah is targeting production of first purified spherical graphite (Note: not coated) by the end of 2018"

and:

"Included in the scope of the feasibility study is the installation of coating operations to further upgrade the purified spherical graphite"

(Note that the feasibility study is not due for completion until end of Q3 2018.)

To criticize a company for not selling a product they do not have is nothing more nor less than blatant downramping. The claim is completely unsupported by the facts, and should make any reader question the credibility and the agenda of its author.

Cheers