SYR charts, page-51

Good comments Doctor Fouad.

Remember Syrah management told all it shareholders they would be cash positive in 2nd half of 2018 by selling 160,000/mt in total during 2018. I assume you are not in agreement with Syrah management projections. I am also not convince Syrah will be cash positive in 2018 and agree that Syrah will only come interesting once it advances it's graphite anode factory with production of coated graphite anode material. Production of uncoated natural graphite anode material which is what Syrah is planning to first produce does not excite me. Knowing all of this I project the share price to decrease more especially when management reports are released later in the year that they will not be cash positive in 2018 as they projected.