SYR 2.74% 35.5¢ syrah resources limited

I am very comfortable with my buy in. Not tempted to sell and...

  1. 8,033 Posts.
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    I am very comfortable with my buy in.
    Not tempted to sell and wait for lower

    I would think things would have to fall apart
    To head under $1.20.

    I think management are looking to support the SP
    From here.
    As they should ....for a few reasons.
    One is if things are not as expected
    Then another CR would be at a low price
    Another is that The SP is now down 80%
    From its high......and now set up for commercial production.

    Annoucements to come.

    Classifier repaired
    Ramp up completed
    Cost of shutdown cost $20 million...not $30 million
    Production at steady state
    Cashflow positive.
    Commercial production.

    Cheers
 
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35.5¢ 37.0¢ 35.0¢ $2.274M 6.355M

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36.0¢ 53310 3
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