Balama Mozambique, page-23

....10th of March...???? the world was a different place back then...

Syrah was still burning significant cash at that stage....roll on 3 weeks....operations have been suspended....so happy days...and based on the latest intel...these insurgents have pulled back....been arrested etc...

...so not trying to sound like a broken record:

Facts are still:

1. ~$700M of tangible insured assets ....
2. Operationally ready, once the natural graphite demand is back...
3. ~Loss making operations are in Care & Maintenance amid COVID19...
4. ~$110M cash in the bank...no debt...
5. >40 years of mining reserves left....with massive future demand ....
6. circa 50M shares have to be bought back before the imminent take-over...

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

So Bottom line: Syrah today is actually in the best position since the company has listed in 2007.... perfect take-over target....