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8.33%

29.3¢ syrah resources limited

Ann: March Quarterly Activities Presentation, page-43

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Quechee

331 Posts.

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29/04/19

23:37

Post #: 38315356
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Originally posted by Wilfork: ↑

Battery grade graphite demand has already taken off. That is also confirmed by the number of plants operating and the quantity of cars sold. The problem is the market for fines was roughly 400-500 KT a year globally heading into this year. Syrah is selling 180,000 tons into this market. An increase in supply of roughly 40% in a short period of time. So prices have collapsed domestically in China, as you'd expect.

The global market grew by 70 KT in 2018 and will grow by another 70 KT - 100 Kt in 2019 per Syrah. The 2019 estimate is also consistent with the growth in EV sales we're seeing globally, and particularly out of China. The market should be able to absorb Syrah's supply and less than 100 KT of China domestic supply should be displaced by the end of the year. This should allow prices to rise over the next 12 months, although not sure how prices respond in the short term.

By the end of 2019 fines demand will have grown over 250 KT in 4 years. More than a 50% increase.

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Most accurate take on the market. I think this takes Dr. Foud's input and puts a timeframe that should indicate cash flow positive, but not second qtr.. Good to hear demand has a 50% increase.

SYR Price at posting: $1.13 Sentiment: Buy Disclosure: Held
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Last 29.3¢		Change 0.023(8.33%)		Mkt cap ! $305.2M

Open	High	Low	Value	Volume
28.0¢	30.0¢	28.0¢	$967.2K	3.356M

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No.	Vol.	Price($)
8	85469	29.0¢

Sellers (Offers)

Price($)	Vol.	No.
29.5¢	125487	14

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No.	Vol.	Price($)
8	85469	0.290
15	455713	0.285
12	312674	0.280
16	351665	0.275
9	304850	0.270

Price($)	Vol.	No.
0.295	116806	12
0.300	435433	15
0.305	177864	10
0.310	263240	8
0.315	78015	6

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