CaptainBarnacles you make some great points. The market is just not that strong or great to support Syrah with higher selling prices especially with fact Syrah needs to sell greater volumes in 2019. Hopefully however Syrah will find ways to reduce their adverage production cost from 550/mt to some lower amount in 2019 especially with higher voluem sales. Thus the booton line is Syrah will hopefull reduce their negetive casf flow amount per QT in 2019 but still not be cash flow postive in 2019.
UniversalTrader also had a good comment in that graphite projects that use financing would be "dead duck" with todays graphite market conditions. Currently the graphite market has too much over capasity thus prices will remain low till this over capasity market conditions change.
Syrah and its shareholdre will have to wait it out and for market conditions to change.Hopefuly by 2021 demand will increase enought that Syrah can become profitable. In the mean time Syrah will have negetive cash flow and then need addtional funding again in 2020.
Hopefully at same time there will be limited amount of new or increase capasity being added by either new or exsisting privitely or publicly owned graphite producers.
SYR Price at posting:
$1.74 Sentiment: Hold Disclosure: Not Held
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