It was never a monetary default which I think panicked many retail investors into selling - unfortunately for them.
It is/was merely an “inventory default”. Vidalia is required to store process volume (plus contingency) on site and the temporary goings on in Moz meant that this volume could not be maintained and replenished as per the DFC agreement.
Again - expecting a laser focus on all interested parties for mutual benefit going forward and much deal making under the Force Majeure.
Interestingly Crude Oil prices have just peaked after a 12 week tear. Higher crude oil (the precursor for pet coke) prices push up the cost of making Synthetic Graphite…
Cheers
DYOR IMO
SYR Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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