Here we go again, 32c to 24c again and cycle repeats. Most disappointing holding in my portfolio (next to IMU). Until production starts at both Balama and Vidalia plant, it is a ship with $4M hole. No one should touch buy any Graphite stock when operational plant is sitting idle, Mr Vener has still failed to confirm Tesla supply security and sill no clue provided to the market.
Mr Vener on his recent interview specifically said that Balama production is about to commence but can't say why there's a delay. The petition outcome on price grousing from China on both natural and synthetic Graphite should be announced possibly this week but most important things for Syrah has to stop $4M bleeding ASAP. The market can't digest any further incompetence of Syrah management.
SYR Price at posting:
24.0¢ Sentiment: None Disclosure: Held
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