I hold very thin expectations that SYR will surprise on shipments when it reports on Q1. The best case is there is demonstration that a sensible level amount of tonnage got shipped out for Q1. I am happy to be proven wrong but the odds stake against them.
I looked at three East African based mine operations recently adjacent to Mozambique - all reported the common two drivers impacting their shipment delivery in Q1 .....1) commercial containerised shipments continue to face delays and deferrals; and 2) wet weather conditions impacting both mine and loading/unloading in East Africa.
And before some people here starts blaming SYR management to vent their frustration with market's reaction on SYR - please have some perspective that these are exogenous issues that simply cannot be navigated. These are not issues fairly used to judge management. If SYR was the odd miner that was reporting shipment problems in East Africa whilst many others in the region flourished in the same period - fair game to critically question management why ...
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