Expectations wern't high. My hope was that Balama costs would be significantly lower for the 1/4. SV seems to think anythng under 4 million per 1/4 is pretty good?? Production costs of around 12 million for zero production from Balama or Vidalia?? Anyway, they have another 90 odd million to burn through before the next handout or raise. Amazing the coarse flake market seems to be going pretty well and yes apparently they have lots of that too. I guess Mozambique will settle and at least they will have to re-start and build some inventory. At some point some customer should be able to accept their AAM but they have been trying for some time now and seemingly still sorting the process out at Vidalia. Hoping for some improvement but that's no investment confidence.
SYR Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
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