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clock Created with Sketch. 22/12/23
11:45
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Originally posted by Rothal2022:
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Syrah is a producing mine with cashflow and a BAM facility which is close to be production ready. Syrah has binding contracts and as soon as BAM facility is in production, they start phase 2 and 3 for new clients.
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Originally posted by mr_delta:
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if my memory serves me right then the $6 price tag on SYR was due to some takeover rumour from some big commodity house (can't remember the name)... been ages, I could be wrong...everything graphite has been on a slippery slope more than on any upward trajectory, no run up ever holds here... for any stock in the western world...different story in the Indian stocks where graphite/carbon stocks have had more stable runs but then they are not into mining per se but more into processing and their market is local, so not too much of "international" news driven...
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I don't know what interest lies for some people to demean egr on every announcement or it might be the case of a born pessimistic but I want to say that the progress made in the last 8 months is not unsubstantial. With the Relocation plan work done, next would be a Special mining license, I hope. Binding contracts and FID should also come. Sometimes I quote, BKT and Ev1 to analyze why no other company is more advanced than EGR. If someone starts looking at the past 8 months, it seems like we are on a super-speed path. All in my opininion.
(20min delay)