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SYR, SYRAH RESOURCES LIMITED
TwoUpTitsUp
post Posted: Apr 20 2019, 10:56 AM
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Read about HH's involvement with the infamous businessman Marino Sussich from 2UP Gaming PLC and The Cassilis gold mine. HH also invested several million dollars in Heurston Group PLC, but resigned his directorship on 19th Feb 2019 (see article below)

ttps://www.theage.com.au/national/victoria/all-mine-explosive-findings-in-lawyer-s-golden-adventure-20180823-p4zzeq.html

Rumours coming from Heuston Group & Streamark insiders are saying that Streamark will be listed on the NASDAQ in the very near future? Looking over their annual accounts, can't see how they would qualify to list on any exchange in the world, let alone the NASDAQ?

One media article suggested Hatch also had links to a company called Australian Business Advancement Co-operative (ABA Co-Op) - according to it's website, although I couldn't find him listed on their site - https://abacoop.com.au/board

Did find ABA Co-Op founding director Marino Sussich and director/secretary Nigel Harrison - together with Harry Hatch - all listed as directors of The Heurston Group PLC http://heurstongroup.com/history-directors/ - Subsidiaries of Heurston Group Plc: 2Up Holdings Pty Ltd Australia 100% 100% 2Up Gaming Services Pty Ltd Australia 100% 100% Streamark Ltd United Kingdom 84%(1) 70%(1) Streamark Asia Ltd (2) Labuan 100% 100% http://heurstongroup.com/wp-content/upload...-PRINT-FILE.pdf

Will be interesting to see what happens with regard to the Gasmere shares in CSE.

Does anyone know the truth about these very secretive and untransparent group of companies?

 
blacksheep
post Posted: Apr 9 2019, 10:53 PM
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In Reply To: blacksheep's post @ Apr 9 2019, 01:12 PM

extract from the local newspaper in Natchez/Vidalia

QUOTE
4 Considered a resolution in support of extending an industrial tax exemption incentive to Syrah Technologies that would not penalize the company for hiring up to 50 percent of its employees from outside of the parish due to the companies close proximity to Mississippi.

Officials said a current resolution states that only 20 percent of Syrah’s employees may reside outside of the parish in order for the company to receive the tax exemption incentive. The board took no action concerning the resolution and discussed requesting information from the company regarding the number of qualified employees able to be hired from within the parish.


https://www.natchezdemocrat.com/2019/04/09/...vation-project/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 9 2019, 01:12 PM
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In Reply To: blacksheep's post @ Apr 5 2019, 08:38 PM

More notable short alerts Friday & Yesterday

QUOTE
Mon 8th Apr, 2019 1,790,941 344,299,220 0.52% 5,800,491 30.88%
Fri 5th Apr, 2019 1,970,794 344,299,220 0.57% 9,099,663 21.66%

https://www.shortman.com.au/stock?q=syr

SP currently down 3.45% @ $1.26.
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 5 2019, 08:38 PM
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UBS still borrowing stock I see - https://www.asx.com.au/asxpdf/20190405/pdf/...393vd5svp76.pdf

Notable short alert on Monday 1/4/19 and also Thursday 4/4/19. Total short positions @ 1/4/2019 = 17.52%
QUOTE
Thu 4th Apr, 2019 1,937,767 344,299,220 0.56% 20,161,848 9.61%
Wed 3rd Apr, 2019 1,008,466 344,299,220 0.29% 9,047,543 11.15%
Tue 2nd Apr, 2019 840,109 344,299,220 0.24% 15,326,857 5.48%
Mon 1st Apr, 2019 2,514,986 344,299,220 0.73% 8,426,592 29.85%


Gap @ $1.20 - probably will get filled in coming days - just IMHO
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 5 2019, 07:25 PM
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A couple of recent opinions by Roskill in response to SYR anns
Syrah increases its flake resource by 19%
Posted on 4th April 2019
QUOTE
Roskill view:

An increase in resources is one way in which Syrah Resources is trying to improve the outlook of its Mozambican project. It also continues to increase production, outputting 45kt of concentrate in Q1 this year. Despite these efforts, the company’s prices have so far fallen short of its target, with the Q1 average weighted price coming in at just US$460-470/t, 18% below the mid-point of its guidance range of US$500-600/t. Syrah Resources is now actively trying to reduce its production costs with an aim to bring them down to U$400/t in 2019. It hopes to diversify its product mix and to increase the proportion of higher value course flake in future shipments.

Questions also remain over the decision to continue with the high rate of production ramp-up. Although demand for small and medium size flake graphite in lithium-ion batteries is rising robustly, the current hiatus in upwards price movement suggests that current production is meeting demand. China has been in a state of overcapacity for flake and spherical graphite in recent years. Prices increased during periods of temporary plant closures in China during late 2017 and early 2018, following rounds of environmental inspections but have since remained fairly static and even seen some minor downwards readjustment.

With such large production levels (equivalent to 15% of global flake supply in 2018 and the possibility of more than doubling in 2019), Syrah Resources needs to time its production increases carefully so as not to oversaturate the graphite market and negatively affect prices.

https://roskill.com/news/graphite-syrah-inc...resource-by-19/

Syrah increases production but prices are still below target
Posted on 1st April 2019
QUOTE
Roskill view:

Syrah Resources continues in its pursuit to become the world’s largest producer of flake graphite. In 2018, it produced a total of 104kt of graphite concentrates (as stated in its 2018 annual report, also released in March). Although this was only around 65% of the low end of its initial target for the year of 160-180kt, it still represented around 15% of global flake graphite production in 2018. Even if Syrah Resources were to continue to produce to Q1 levels throughout 2019, total production for the year would reach 180kt, and the company plans to continue ramp-up. Initial production targets for 2019 were 250-300kt and it is possible that the lower end of this target could now be reached. At 250kt, its production could account for almost a third of global flake supply this year.

The current prices being achieved by Syrah Resources, however, are unlikely to sustain production long-term. In its annual report, the company reported cash operating costs (FOB Port of Nacala) above US$400/t. The company has been looking to reduce its costs from US$550/t down to US$400/t in 2019.

The graphite producer is also looking to improve its margin by diversifying its product mix and increasing shipments of higher value, larger flake sizes. In late 2018, it secured a deal with Qingdao Freyr Graphite, a Chinese manufacturer of expandable graphite, for supply of 6ktpy of large size flake. The majority of Syrah resources sales, however, are of smaller size flake suitable for use in the lithium-ion battery industry.

https://roskill.com/news/graphite-syrah-inc...l-below-target/

and from Fastmarkets
Ramped-up supply of East African graphite flake weighs on prices
By IM STAFF
Published: Wednesday, 03 April 2019
QUOTE
Increased exports of graphite flake from Syrah Resources’ Balama operation in Mozambique have helped to bring down prices in Europe and China.

By Jon Stibbs

Graphite flake production from Syrah and other sources in East Africa is set to increase further this year and could add pressure on producers to lower their prices unless there is an increase in demand.

https://www.indmin.com/Article/3867438/Grap...-on-prices.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 29 2019, 07:55 PM
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In Reply To: blacksheep's post @ Mar 29 2019, 02:31 PM

CSE ann just out - no mention of the further decrease in SYR holding,but have taken out another loan "to acquire additional investments" Investment is what - no mention of additional investment in SYR shares, but they have put up 4.1mil shares in SYR as security

QUOTE
Copper Strike Limited (“Copper Strike” or the “Company”) advises that it has entered
into a new Loan Agreement whereby the Company has received $3.95 million with the
loan initially secured by the provision of 4,100,000 Syrah Resources Limited shares by
way of security.


The purpose of the new loan is to enable Copper Strike to acquire additional
investments.


A summary of the material terms of the new loan are as follows:
- Loan: $3.95 million
- Repayment Date: 3 years
- Interest Rate: 3.25%
- Origination Fee 2.50%
- Initially Secured Syrah Shares: 4,100,000

This replaces the terms of the previous loan of $4.2 million which was terminated as per
the Company's ASX announcement dated 21 February 2019. That resulted in a reduction
of the Company's investment in Syrah by 2,281,782 shares and a substantial gain on
settlement of the previous loan.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Mar 29 2019, 07:41 PM
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China’s flake graphite imports from Mozambique surge in Feb
By IM STAFF
Published: Thursday, 28 March 2019
QUOTE
Chinese imports of flake graphite from Mozambique surged in February, according to data obtained by Fastmarkets sources.

China imported a total of 14,735 tonnes of flake graphite last month, down by 12.4% from the 16,821 tonnes recorded in January. Yet February’s volume was more than 27 times higher than the 528 tonnes recorded in the same month of 2018.

For January-February, Chinese flake graphite imports totaled 31,556




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 29 2019, 07:34 PM
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In Reply To: blacksheep's post @ Mar 29 2019, 03:12 PM

QUOTE
Sounds like a "claytons" increase to me


Some interesting comments from TIBS

Syrah’s reverse upgrade
http://taxlosstrades.tumblr.com/post/18378...reverse-upgrade

What's also interesting is Gabe Bernarde adding his comments - Gabe was one of the Viceroy Research analysts - SYR was the first company they covered back in 2017. I've always wondered if Viceroy are still short
https://twitter.com/taxlosstrades/status/1111433219495227392




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 29 2019, 03:12 PM
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GRAPHITE MINERAL RESOURCES AND ORE RESERVES UPDATE
QUOTE
Key Highlights
• Increase of 19% in estimated Mineral Resources at Balama compared to previous ASX disclosures.
• Balama hosts a significant graphite Ore Reserve of 113.3 Mt at 16.36% total graphitic carbon (“TGC”)
for 18.5Mt graphite at 7.2% cut-off grade as at 31 December 2018 (versus prior disclosure of 114.5Mt
at 16.5% and 9% cut-off grade, as set out in the Company’s 2017 Annual Report).
• Reserve largely maintained with reduction due to operational depletion offset by lowering the
Reserve cut-off grade from 9% to 7.2% TGC.
• Reclassification of Reserve from Proved to Probable due to changes in assumptions based on
production and recovery, performance to September 2018 and weighted average price.


The first line gets you all excited, but when you look at Table 1: Mineral Resource estimate at 3% TGC cut-off grade, it shows the "measured" ( the highest category of confidence) actually has been reduced from 75 to 24.3, the second category "indicated" increased from 186 to 243 and "inferred" the lowest category increased from 930 to 1,020.

Table 2: Ore Reserve estimate the "proved" tonnage was 20 mt TGC 19.2% with Graphite 3.8 mt - now proved is 5.39 TGC 17.20% and Graphite 0.9 mt
Seems to indicate to me they did not understand their ore body well enough in the beginning - too quick to get the mine up and running - and are now learning the hard way. Just IMHO - and by no means an expert.

QUOTE
Measured Indicated Inferred
Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, Indicated and measured Categories. Inferred Mineral Resource is the part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence.


Sounds like a "claytons" increase to me



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 29 2019, 02:31 PM
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In Reply To: blacksheep's post @ Feb 22 2019, 12:04 PM

QUOTE
The Loan Agreement has been terminated earlier than the original 2-year term at the Company’s option and on a non-recourse basis. Cessation of the $4.2 million loan has occurred by the Lender taking possession of 2,281,782 Syrah shares held as security, hence leaving no obligation outstanding.


Appears not only have CSE handed over the above SYR shares to the lender, but also they have been selling part of their original 11 million shares - according to SYR's AR, CSE now own 6.8 mil shares

QUOTE
TOP 20 LARGEST QUOTED SECURITY HOLDERS AS AT 15 MARCH 2019
The names of the twenty largest security holders of quoted equity securities are listed below:
RANK NAME UNITS % OF UNITS
1. J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 102,062,702 29.70
2. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 53,276,618 15.50
3. CITICORP NOMINEES PTY LIMITED 30,835,715 8.97
4. UBS NOMINEES PTY LTD 7,552,620 2.20
5. CS THIRD NOMINEES PTY LIMITED <HSBC CUST NOM AU LTD 13 A/C> 7,182,235 2.09
6. COPPER STRIKE 6,815,842 1.98
7. CS FOURTH NOMINEES PTY LIMITED <HSBC CUST NOM AU LTD 11 A/C> 5,168,905 1.50
8. BNP PARIBAS NOMS PTY LTD <DRP> 3,336,545 0.97
9. BNP PARIBAS NOMS (NZ) LTD <DRP> 2,748,102 0.80
10. UBS NOMINEES PTY LTD 2,354,465 0.69
11. NATIONAL NOMINEES LIMITED 1,950,890 0.57
12. WARBONT NOMINEES PTY LTD <UNPAID ENTREPOT A/C> 1,228,289 0.36
13. MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 1,206,155 0.35
14. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 1,190,570 0.35
15. BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT DRP> 1,185,887 0.35
16. VICTORIA FAIRBANK PROPRIETARY LIMITED 1,184,458 0.34
17. GLENALTA PTY LTD 1,000,000 0.29
18. MR DAVID ALLEN PARKER + MRS HELEN THIRZA JANE PARKER <PARKER
SUPER FUND A/C>
1,000,000 0.29
19. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED-GSCO ECA 983,402 0.29
20. MR ALLAN RUSSELL GRACO + MRS CAROLE JOY GRACO <GRACO SUPER
FUND A/C>
944,800 0.27
Totals: Top 20 holders of ORDINARY FULLY PAID SHARES (TOTAL) 233,208,200 67.87
Total Remaining Holders Balance 110,419,972 32.13






--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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