Ann: March Quarterly Activities and Cashflow Report, page-12

As Redgum suggests, the long-term strategy is now becoming clearer. The vision of an integrated operation, providing a fully-transformed product, ready for the user, is what sets SYR apart from its competitors. We are watching a real business unfolding here. The contrast with the shovel-it-up and ship-it-out mentality could hardly be more obvious.

We regularly see posts, on this forum, and on those of other graphite stocks, by people claiming to be bewildered as to why it should be that the market values SYR much more highly than any of the other graphite miners. Reading this Quarterly Report, it's not hard to see that building blocks are steadily going into place, with the likely end-result being a significant new mining house. What is reported gives evidence of careful planning, and steady execution of that plan - a solid business, run by professional managers.

Knowing that, it's easy to understand why so many individuals, and investment houses, are prepared to put up their hands for a slice of the action.

Cheers,

Prime1