SYR 3.39% 28.5¢ syrah resources limited

Why is this still so heavily shorted?, page-41

  1. 376 Posts.
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    Only issue I have is the past bad reputation of Mr Vernor and his board to deliver on their promises. This time they claim costs per tonne will be reduced by 20% to 25%. At current level of US$570 a tonne they had want to. But will they deliver? And by 31/12/2019.

    Hmmm. With spot price at only US$390 per tonne, they will still be losing money. Unless it improves.
    maybe with reduced supply it will. But it would want to increase to US$500 a tonne.


    Last edited by Boges: 25/10/19
 
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