One thing is sure that Graphite market is fully controlled by China and they don't want anyone to succeed that's why they have put lid on price and banned export outside China. Everyone thought this will benefit SYR, however the contrary happened. AusSpuer is supporting SYR in belief that 10 fold demand is about to occur (could be another lie, however let's believe this is true).
What is positive here is that we have quarterly update coming in 3 weeks and Tesla order could be finalised before that and short position from 16% declined to about 9%. These shorters know more than us and they are keeping eye on Vidalia and Balama production. Another thing is compared to TLG and NVX (which still finalising their huge fundings investments) SYR is only vertically integrated plant outside of China which could produce both natural and synthetic (AAM) graphite. The DOE loan may be considering viability of both Balama and Vidalia
SYR Price at posting:
33.8¢ Sentiment: None Disclosure: Held
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