Syrah Resources Ltd SYAAF

Syrah Resources Limited is an Australia-based industrial minerals and technology company with its flagship Balama Graphite Operation in Mozambique and a downstream Active Anode Material Facility in the United States. The principal activities of the Company include sales of natural graphite and ongoing development of logistics, sales, and marketing arrangements with targeted customers. Its segments include Balama and Vidalia. The Balama segment is engaged in the production, distribution and sale of natural flake graphite from the Balama Graphite Operation in Mozambique. The Vidalia segment is engaged in the operation and expansion of the Vidalia AAM facility including operation of a qualification facility, the construction of the Vidalia Initial Expansion project, evaluation of the Vidalia Further Expansion project, customer engagement and commercial negotiations, and research and development. Its subsidiaries include Twigg Exploration and Mining Limitada, Syrah Plus LLC and others.

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Syrah Resources Ltd > Positive news today

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Post by MaterialsManon Dec 22, 2022 7:36pm

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Positive news today

Based on my interpretation of today's ASX official announcment, Syrah's offtake agreement for anode
material has firmed up. In addition, it appears that Tesla is interested in a lot more product than they initially agreed to. Market does not seem to have reacted to the info even though it is a big deal,
especially for Syrah. Hope it does not take forever to be reflected in the bottom line. Good possibility that deliveries could begin as early as late '23. I will certainly increase my position if weakness in the S/P continues. As the saying goes: All ships sink lower during an outgoing tide. The blood is beginning to run in the streets. Time to buy.

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