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SYR, SYRAH RESOURCES LIMITED
blacksheep
post Posted: Jun 24 2019, 03:10 PM
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Interesting twitter discussion between short activist Viceroy's Fraser Perring and John Hempton (Bronte Capital) known to like shorting stocks. Viceroy's very first hit piece subject was SYR back in 2017. The SP was $2.95 at that time and Viceroy gave SYR a target of 70c.

Could be Viceroy may be taking another look into SYR

QUOTE
Nearly at @viceroyresearch target price @John_Hempton. $SYR


QUOTE
With multiple capital raises we should review it. Perhaps the regulators can review the forward looking statements made years ago.


https://twitter.com/AIMhonesty/status/1143003220488413185

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



--------------------
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: Jun 19 2019, 03:27 PM
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In Reply To: blacksheep's post @ Mar 29 2019, 07:55 PM

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.


Wonder what today's events will mean to this CSE loan agreement secured by SYR shares?



--------------------
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: Jun 19 2019, 03:22 PM
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Interesting set of announcements today. First up the positive news they had executed a binding agreement with the Gredmann (HK) Limited, followed quickly with the execution of a convertible note deed to Australian Super and an underwritten entitlement offer, at the Offer Price of A$0.81, to raise approximately A$111.6 m.

The Capital Raising has the following components:

• A proposed A$55.8 million (US$38.2 million) convertible note to be issued, subject to certain conditions (including Syrah shareholder approval under ASX Listing Rule 7.1), to AustralianSuper Pty
Ltd as trustee for AustralianSuper (AustralianSuper) (Convertible Note Issue); and

• an approximately A$55.8 million (US$38.2 million) fully underwritten pro rata accelerated nonrenounceable entitlement offer (Entitlement Offer).

Australian Super currently own circa 15% of SYR. This article appeared in AFR Oct 10, 2018 when AS held 12.3% - a conversion could result in them owning 19.9%

AustralianSuper: the $130 billion barbarian on the register
Jemima WhyteSenior Reporter
QUOTE
If there was any lingering doubt, AustralianSuper's decision to again team up with private equity fund BGH Capital with a $2 billion bid for education company Navitas makes clear the country's largest super fund is all too ready to use its equity stakes to take companies private.

At the very least, it's likely to have put the 25 other ASX-listed companies in which AustralianSuper holds a substantial stake, on notice.


QUOTE
Companies backed by AustralianSuper such as gaming group Tabcorp, share registry and fund administrator Link Market Services, retailer JB Hi-Fi and others may be rethinking their relationship with the super fund. Though of course not all Australian Super-backed companies will make sense in terms of being a target for a private equity deal.


[quote]So what did it mean having an investor that was prepared to use its stake to block any other potential bidders, and ultimately buy a company cheaply, having prevented rival offers?[/quote]

https://www.afr.com/business/banking-and-fi...20181010-h16fvw

Will be Interesting to watch if the "barbarian at the gate" has any plans to pick up SYR "cheaply" any time soon.



--------------------
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
 
TwoUpTitsUp
post Posted: Apr 20 2019, 10:56 AM
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Posts: 2


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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Posts: 5,702
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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
 
 


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