Now that Australian Super is going to convert it's convertible...

Now that Australian Super is going to convert it's convertible notes into shares, expect Syrahs share price to drop accordingly - about 20%.

Means they now own nearly 30% of issued shares.

And Verner is going back to them wanting a further $150 million in convertible notes - at 11% interest.

God, how much more time has this guy got as CEO. The share price is going down, he is always wanting more and more money, he promises to get C1 cash comtst down to below US$500 a tonne yet never seems to deliver. Mr

A further disappointing quarter on recoveries from the plant - only 71% instead of usual 80%.

Mr Verner must surely be gone soon. Still he was clever a few years ago in making sure he got 4 million stock options in Syrah - but at a very light and easy exercise price of only A$0.44 cents per share. Hmmmm. Performance has been very disappointing.

lets hope Syrah gets taken I we soon and I can rid myself if this dead stock. Gave so much promise but never delivered.