You're correct.
The news isn't different to its Q1 quaterly report but You should look for the company's forward guidance to justify its share price.
How does Syr improve mine efficiency and profits that will go in the right direction as RallyMan had mentioned.
1. To negotiate better price contract compared to its previous lower entry price contract and possibly the price of BAM production to ensure the balance across all parties (China-US) is to Syr's best interest.
2. To improve recovery ratio from (86% fine / 14% coarse) to (70% fine / 30% coarse) toward end of 2019 whereas grinding is carried out in gentle method to avoid breaking valuable, high grade coarse flake graphite for a better pricing model.
3. Average Fix Carbon for premium fine flake is improved from 95% to 97% which is better than large or jumbo flake graphite in term of estimated pricing method.
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You're correct. The news isn't different to its Q1 quaterly...
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