A lot of thing said with mention of Syrah in several paragraph ( 4 to be exact) however the Conclusion section summarises well that net Graphite Import is 100% with 70% import coming from China and US currently has Zero production.
With the exception of 11 kpta Syrah plant in Vidalia (US) and Balama in Mozambique, Syrah has great potential, however SYR share price does not reflect the same view. In addition the most shorted shares in ASX is another factor keeping SYR share price almost controlled since 1 year, Until the price war that China started to curtail and close any supply chain outside China needs to be protected as an economic weapon, we'll not see any dramatic change in share price. Few catalyst like US loan approval and another binding agreement with Tesla may see spikes in SP, however full production target from Balama and Vidalia are only meaningful way to make SYR great again !
I'm averaging down where my pocket allowing and waiting for SYR to reach $148M revenue target next FY. But it needs a patience. DYOR before any buy or sell
SYR Price at posting:
52.8¢ Sentiment: Buy Disclosure: Held
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