Ann: June Quarterly Activities Report Presentation, page-42

Lets take a look ol' mate Shaun's track record.

Here are some of my favorite comments, taken straight from Syrah's Q1 March report and compare with what happened from todays Q2 report !

• C1 operating cash cost1 continues to decline
• Strong volume demand evident
• Commissioning of the purification circuit commences in May and first purified spherical production planned during Q2 2019
• Major review of BAM commercial scale plant and product range essentially completed, providing attractive economics, key outcomes to be released in Q2 2019
• Focus on greater coarse flake split and higher carbon grade content for priceimprovement
• BAM capital spend largely complete in Q2 2019,
• C1 cash operating costs2trending towards US$400 tonne during 2019 via productionvolume increase and structural cost management

There are a lot more, but you make your own mind up about the future going forward. I have
Every point above has been incorrect to the negative.
This slippage was just in one quarter!