Tight range, page-12

IMO shorts are betting on q3 2018 and then q4 2018 quarters being disappointments (not achieving company production targets not selling everything they produced and receiving lower than expected prices). If the company lowers again its targets in q3 2018 as it did in q2 2018 then surely expect a strong short attack and sub 2$ prices. Then if q4 2018 is another disappointment (especially reveiled low prices) then expect another attack and sub 1.50$ prices. By that time syrah may become undervalued and it would be good time to enter/load up. Good luck to all !

Commissioning a new mine is the worst most difficult riskiest and often ugliest phase of investment for shareholders. Generally new mines suffer severe delays and technical issues and it is rare that the commissioning of a new mine goes as smooth and as predicted by management. The problel for syrah is that they set the bar of expectations too high and the stock price was valued without any margin of safety so expect big backlash in case of market disappointment by the results.