Don't be surprised if a few companies lob a bid in to take over...

Don't be surprised if a few companies lob a bid in to take over Syrah and secure supply and the plant in USA.

Tesla, Glencore, South 32 or even companies from Japan or Germany or South Korea would love to get it.

sure, it needs more money spent (and they have none to do so) so they are right to keep it in the ground until things pick up.

Covid 19 should see USA wants these supplies to get China out if the way. Biden could provide a cheap 10 year loan to Syrah at Government interest rates to expand pilot plant to 10,000 tonnes a year, then 20,000. It maybe Tesla.

Suggest takeover could come later this year or early next year. If demand does not pick up, the board would certainly be putting the company up for sale to the highest bidder before it runs out if cash.