SYR 2.22% 22.0¢ syrah resources limited

Yep I think a CR is on the cards, can't see anyone providing a...

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    Yep I think a CR is on the cards, can't see anyone providing a debt facility ATM. A number of concerns:
    -No mention of positive cashflow by end of Q2
    -No reporting of production costs
    -Weighted average price lower than Q4 2018. Justified STILL by the unwinding of 2018 contracts (also no mention of when those contracts will be completed so expect that line to be used a few more times yet!)
    -Flake to coarse ratio was meant to be a focus this Qtr but has actually gotten worse.
    In summary a lot of misses again!


 
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