Quechee
Sorry about delay.
This is where we differ " Syrah will have 55$ million in capital at mid year. They will be cash flow positive in fourth qtr. and given the delay in BAM, the new money will help build the plant."
I personelly do not believe Syrah's management when they say they will be cash positive in 4th qt 2018. I believe Shrah will burn thru the usd55M in 2nd half 208 and thus will need to either take on debt or raise new cash.
Syrah has to concentrate on the exsisting competitors and not be so concerned with all the non revenue Jr. Graphite Mining companies. They are not currently producing revenues and thus are not current competion to Syrah.
Ann: Macquarie Bank Australia Conference Presentation, page-19
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