Syrah keenly awaits market upturn after very soft December quarter

SYRAH Resources has cut costs at its Balama graphite project in Mozambique but is still bleeding cash as it keenly awaits an improvement in the market.

Syrah keenly awaits market upturn after very soft December quarter Syrah keenly awaits market upturn after very soft December quarter Syrah keenly awaits market upturn after very soft December quarter Syrah keenly awaits market upturn after very soft December quarter Syrah keenly awaits market upturn after very soft December quarter

There's plenty of graphite to be seen at Balama ... what required though is demand and profitability

Having started the quarter with about US$65 million cash and subsequently receiving $38 million via a convertible note, the company ended the quarter with $80 million.

topics

loader