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So, as per previous post, UBS was the buyer of the 5 mil shares @ $3.15/share I mentioned on 12 February 2018.


According to Credit Suisse ann just in, they were the seller, although they show the date they disposed as 14 February 2018.


Doesn't Credit Suisse have a target of $6.00 odd on SYR?




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SYR gets mentioned by Julian Babarczy from Regal Funds Management in this article. RFM own a large chunk of SYR - they also seem to have lending arrangements with every one, including UBS and CS - who yesterday served up change in s/holding notices.


Babarczy also promotes a number of other companies TK is invested in - NCZ, JRV, HEG, AL8, etc. https://twitter.com/babarczyjulian?lang=en



SP up 1.76% currently @ $3.46/share

Shorts also back up @ 21.98% as at 15th February 2018



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Is SYR out and about rattling the tin again with this BOD Conference presentation? Thought they said they would be looking for debt financing for the balance of the BAM facility requirements - assume this is what the purpose is for this presentation - it's full of EV/battery related forecasts?


They mentioned - "First revenue received February 2018" - maybe not enough is being generated to go towards helping to fund BAM - if I recall that was also a suggestion some time ago. The last CR earmarked US$40m to fund the commercial acceleration of SyrahÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s BAM strategy. Haven't updated where BAM will be located/accepted. One would assume fund managers would want to know?


BMO Capital Markets hosts a variety of conferences each year that bring together institutional investors with those corporate or government entities that require capital.




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"On one hand you have a macro story which is immensely exciting; they are in production with a near infinite resource of extreme quality and there are no fast followers, but near term they have got a few commissioning challenges and we are worrying about the pricing of an initial 3000 tonnes of commissioning production in a market that is 600,000 [tonnes] and going to a million [tonnes] near term," he said.


"Ultimately they will be the lowest cost producer, they have got an infinite scale opportunity so they will be the market."


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That sounds like Michael Slifirski's work from Credit Suisse. who has a target price of $6.60 on SYR's shares :biggrin:


Noted another Credit Suisse analyst, Hasan Tevfik , recently suggest SYR is a T/O target in 2018 - they suggested that in 2013 (Glencore) also, but that didn't eventuate - did help the SP though. Maybe this time they will get both target and takeover right, although it seems shorters are not yet convinced? Still close to 62 mil shorts out there, and still #1 shorted stock. Not sure if Credit Suisse are among those shorts - they signed a lending agreement with Kitara Investments Pty Ltd - Tolga Kumova's private company/super fund - late last year (around August if I recall correctly). Thought that was an odd thing to do at the time by both parties.



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Bingo, MS the SYR 'Believer" - what gave it away? :biggrin:


Ms. Shaw would appear to be a little closer to the money for me:


"They need to work with the battery companies, they need to develop a product they know will be consistent in purity and then you can get a good price," she said.


"Unless you have deals with battery producers it is very hard to sell off the shelf."


And yeah, I saw the CS Takeover Targets piece with SYR (yet again) named. Despite an almost 10% run in the last few days post the article release on the 13th, I can't help but wonder if SYR might acknowledge its vanadium credentials to stave off the nasty shorters?



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what gave it away?


Well, after listening to all his probing (not) questions during quarterly audiocasts, it had to be him - he puts a positive spin on every not so positive event. I've never heard him ask a hard question yet. Some of the other analysts have, but then they are not getting the sizable income from SYR that CS enjoys.


May be CS will bring up the - Vanadium players hot with investors - at the next quarterly ?


Hopefully they have some news regarding approval for a new BAM site before then. It's been over two months since the Port Manchac debacle and according to the last quarterly some of the equipment was to begin arriving in 1Q2018 - roughly 10 days to go and they haven't, it would appear from lack of announcement - finalised the site. Or maybe the recent SP activity suggests someone knows it has? I do recall SYR saying early in the piece that permitting in Louisiana was easy, simple, or something along those lines. Hasn't quite turned out that way so far. The posters on HC are already counting the profits coming from the yet to be approved BAM facility


Long lead equipment for the milling and shaping operations will begin to arrive in Q1 2018. The strategy

and timeline for production commencement is subject to finalisation of site decisions, site lease

finalisation, and relevant permitting. Installation of the dual line mills, total 5,000 tonnes per annum

capacity, and required infrastructure is expected to take approximately three months after arrival of the

long lead equipment, for first production of milled material. A Construction Manager has been appointed

to oversee project field activities.


Not sure what happened to this plan suggested back in April 2017


Development of toll processing options

To capitalize on the strong interest in Syrah material, we have initiated commercial discussions with

spherical graphite processors in China. Syrah will advance entry into the spherical market through

production of uncoated purified spherical graphite in China, targeting initial production in Q1, 2018.

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