Ann: Pause in Trading, page-91

I was thinking along the same lines as @ltts. It's why I thought SYR would request a trading halt to buy more time to go back to Tesla to sort out the wording to comply with the ASX request for more info. They don't want to stuff this up.

I was originally sceptical having a locked in fixed contract for 4 years but it's like being a loss leader. It might cut into the profits initially but it will get Vidalia up and running and help pay for the expansion to a 40-50kt plant. The fixed contract is for less than 10kt over 4 years which wouldn't be much of a discount in the long term. The real prize is to have an offtake agreement with a tier 1 company for credibility (they don't come any bigger than Tesla) and get Vidalia to 40-50kt to sell the 40-50kt for a premium. Balama should be able to provide the rest of the funding. It should be earning $200-$300t before EBITDA and be at full production (360kt/pa) from next year.

I always said last year SYR is a minimum 3-5yr hold. We have to wait for the market to come to us and guess who came knocking