Syrah on the capital raising trail again

A SOFT graphite market has seen Syrah Resources again forced to raise capital, with a convertible note issue and equity raising targeting A$111 million in train as output for the current year flagged to potentially reduce by up to 20% from previous expectations.

Syrah on the capital raising trail again Syrah on the capital raising trail again Syrah on the capital raising trail again Syrah on the capital raising trail again Syrah on the capital raising trail again

Syrah is shaking the tin once again.

Syrah's guidance for output from its Balama project in Mozambique is between 205,000 tonnes and 245,000t this calendar year.

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