SYR 1.75% 28.0¢ syrah resources limited

Ann: June Quarterly Activities and Cashflow Report, page-7

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  1. 773 Posts.
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    Pleasantly suprised. I felt some doubt about the shipped tonnes due to insurgency and logistics still being a problem. The tonnes shipped and sold should increase significantly next quarter given demand. Good news re reducing costs with new mining contract and some easing of shipping costs.
    Good news re expansion to Europe in the future. No real panic around insurgency. Now it's a waiting game because a cash flow positive Balama will be spent on Vidallia and other expansions by the look, so many conservative investor's may not touch the company until they show a net profit which could be at least a year or two away. Of course graphite prices could spike in the mean time?? Still undervalued given where they are in the market and a huge upside if they can secure cheap debt funding right now. It should put them well ahead of the pack. Good buying but still need some patience I guess.
 
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