SYR syrah resources limited

Ann: June Quarterly Activities and Cashflow Report, page-2

  1. klu
    747 Posts.
    lightbulb Created with Sketch. 105
    "C1 cash costs (FOB Nacala) of US$537/t at ~10kt per month"
    "Weighted average sales price of US$474/t"

    not understand what the f managers doing. why sell below cost, hope reducing the C1 cost by increasing production. You cannot be fooled twice by the same sh*t police three years ago assuming the sale price would be the same when flooding the market with more product. Its nothing even "achieve target cash costs of US$430–460/t (FOB Nacala) at 15kt per month production rate".

    simply too much bs in the presentation, but little real substances. Cannot believe the board still keep that multi-million-salary for a loss-making CEO for so long.
 
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