You left out that BTR have not taken any further orders and appear to be using Spherical from China. No timeline on Tesla uptake and seems to have gone from early 2025 to sometime in 2025 and info on anyone besides Tesla. Shuan wouldn't give a timeline on Ballama when asked about this quarter so may not restart during current quarter, only 2kt of fines left. The Dec sales at best were at break even due to basically no coarse(1%).
So whilst expecting a very poor report which was delivered, the general outlook and messaging certainly wasn't as positive as in the past and so many unknowns it isn't funny, not much of an investment thesis.
SYR Price at posting:
22.8¢ Sentiment: Hold Disclosure: Held
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