SYR 3.70% 26.0¢ syrah resources limited

Not great news. But could have been worse. The first thing is...

  1. 8,033 Posts.
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    Not great news.
    But could have been worse.
    The first thing is that the operation
    is a success.
    The second thing is they can't make real money at current pricing.
    Money still being spent in the US
    So just about at break even now.

    They have to improve higher grade
    Graphite sales and maybe find a big long term contract willing to pay a premium

    Cheers
 
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