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27/08/23

16:32

Post #: 69572199
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Originally posted by Proga: ↑

Agree. The challenge is expanding Vidalia to 45kt without having the crap diluted out of the stock. This includes not taking on a joint venture partner. If they expand to 90kt then use a joint venture partner and the last thing we need is another strategic investor. We already have one.

We have access to the grant which will pay for 40% which isn't enough in the current lousy environment. When it was offered last year before the Chinese switched to using predominately synthetic it did. The drop in demand for graphite for industrial purposes has only exacerbated the problem with many synthetic producers switching to producing AAM. We'll have to see what the DOE LPO has to offer.

From next year, the problem won't be lack of demand for natural AAM in the US and Europe. It will be supplying it. It's essential SYR get to 45kt ASAP to help meet the challenge. Jigar knows all this so hopefully they'll come to the party but it has become political. With the US election next year, I think they're waiting for Vidalia to get up and running so it takes the political heat off them if they do come to the party. They can point at Vidalia as the first AAM producer on US shores being manufactured by US workers supplying Tesla's US battery plants.

As I said previously, with the Aus Super notes plus Vidalia being operational, SYR don't need any more money to remain operational until the other AAM plants supplying the US market require flake graphite kick in. It's all about funding the 45kt expansion of Vidalia. It's the jewel in the crown.

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well said @Proga and hopefully the DOE comes with the full $500-600 Million dollar loan to finance the 45kt expansion—that kind of news alone would propel the sp.

SYR Price at posting: 55.5¢ Sentiment: Buy Disclosure: Held
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Last 23.3¢		Change -0.003(1.06%)		Mkt cap ! $240.6M

Open	High	Low	Value	Volume
23.0¢	23.5¢	23.0¢	$144.3K	622.6K

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Graphite Price, page-1110

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