"Mark my words, Syrah would be lucky if they succeed commissioning their plant by the end of 2017, and produce just 10.000tpa of high quality graphite....expecting Syrah to be able to ramp up production to 200.000tpa+ by 2018 would be ludicrous and basically a miracle in the mining industry....most probably they will recquire another capital raise by mid-end of 2017. Lets see if the capital markets would still support them by then, I expect so many angry financiers who participated last time at 6$......"
As for your last comment
"I really hope Syrah succeeds, but I guess we have different standards of success, for me by success I mean a profitable reasonable 20.000tpa-30.000tpa graphite operation during the next 1-2 years, for others it seems success of Syrah is defined by them achieving an engineering miracle and destroying the graphte market by flooding a 360.000tpa output....to each its own I guess !"
Syrah was not able to be competitive with a 20.000tpa-30.000tpa graphite operation so they made the ridiculous decision to try an "achieving an engineering miracle and destroying the graphte market by flooding a 360.000tpa output....to each its own I guess !"d" The net result is I believe many of the investors in Syrah will be the big loser and what upsets me the most is the management & Board of Directors at Syrah still walk away rich.
Time will tell if our predictions are correct.
SYR Price at posting:
$3.02 Sentiment: Sell Disclosure: Not Held
(20min delay)