...again...pointless noise...published by someone who has...

...again...pointless noise...published by someone who has shorted Syrah at 15 cents....and now trying to cover his/her/its losses: this has been happening for years and is now suddenly a new issue according to him/her/it....connect the dots...

....again...cause & effect...and be mindful of the Streisand effect....so ignore it...don't comment...or counter... you are feeding into myopic narrative....

...BUT, this is typical business as usual in those parts of the world... that is why investment BETA risk is deemed >15% in places like Mozambique...

...anyway, have a look at the trajectory of the M.O.:

https://en.wikipedia.org/wiki/Islamist_insurgency_in_Mozambique

...if you ask me, cyclones & current management team are a much bigger risk to Syrah, than these illiterate guys... trying for how many years...with no real momentum/strategy/ sustainable success...

P.S.

You will probably noticed that most 'journalism' in that part of the world is based on propaganda, not facts.... and for a very specific reason... especially when 'local newspapers' are reporting from >10,000km away....and the 'journalist ' are competitors/ acquirers... M.O.: inversion of reality strategy....

Facts are still:

1. ~$700M of tangible insured assets ....just re-confirmed by PWC;
2. Operationally ready, once the natural graphite demand is back..which is slowly happening:. https://oilprice.com/Latest-Energy-News/World-News/Tesla-Sets-Sales-Record-In-China-Despite-Coronavirus-Crisis.html
3. ~Loss making operations are in 'Care & Maintenance' amid COVID19...so cash burn is hopefully under control...
4. ~$110M cash in the bank...no cash debt... only convertible debt which can only be converted in ~5 years or before take-over offer;
5. >40 years of mining reserves left....with massive future demand ....15-20 times current demand in 10 years from now...
6. ~40M shares have to be bought back before the imminent take-over...

....and the market cap is still only ~$100M at this stage....