Ann: Syrah Sales and Marketing Update, page-24

@Graphite,

You offer this information in your previous post -

Can I ask how do you know this? To my understanding the Balama mine operated by Syrah is one of the only new mines to come on stream in recent years. How prevalent is this big discount activity among the new graphite miners? Can you advise which other mines which have come on stream recently that are offering these big discounts? I will accept that the first part of you comment is accurate in that graphite buyers have lots of experience - but all these new mines? And you will be aware that most if not all of Syrah's output is subject to an off take agreement presumably done at a price that suits the supplier Syrah.

I don't think Syrah will suffer too much being part of this new mine syndrome issue.

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