Syrah Resources Ltd

SYR Details

Delay of production from August to October: The completion of Balama project construction is over 90%, and the company is remains on track to produce 140ktpa to 160ktpa in the first year of production, and ramp-up will be optimized to meet global demand with 250kt and 300kt of production in the second year.  First production is delayed from late August to October due to processing plant completion and commissioning. However, it is expected to be the world’s largest, low cost, high quality producer of natural graphite after the completion of development. Although, the progress was slower than desired on corporate funding and mining agreement during the quarter, there was no impact on Balama commencement and sales. Notably, significant commercial progress has been achieved during the quarter with anchor customers in place for Europe, Asia and North America. Downstream strategy has progressed with key personnel in place, engineering and permitting underway, equipment ordered and technology agreement executed.


Source: Company reports
The company has entered into an exclusive research and development agreement with Cadenza Innovation Inc. (Cadenza) to fuel advancements in graphite anode technology for use in lithium-ion-based energy storage. Cadenza is based in the United States and is a pioneering provider of energy storage solutions for license to lithiumion battery pack manufacturers. Under the terms of the agreement, Syrah and Cadenza will engage in the development and testing of advanced Battery Anode Materials (BAM) to the development of proprietary downstream technology. We give a “Hold” recommendation at the current price of $2.88


SYR Daily chart; (Source: Company reports) 

Treasury Wine Estates Ltd

TWE Details

Recently, Treasury Wine Estates Ltd (ASX: TWE) has announced meaningful changes to several roles and responsibilities within the Company’s Executive Leadership Team to drive the next phase of growth. Robert Foye, currently President & Managing Director Asia and Europe, will assume the role of President, North America & LATAM, effective 1 January 2018. In addition to his new role in the United States, Mr. Foye will also assume the role of Chief Operating Officer. Mr. Foye will now work closely with TWE Chief Executive Officer, Michael Clarke to oversee all major operating units across the global business. Bob Spooner will then return to Melbourne, Australia with TWE and delay his retirement to assume the role of General Manager, Global Strategic Initiatives, Systems and Processes, reporting directly to Mr. Clarke. Peter Dixon will continue in the role of Managing Director, North Asia and Global Travel Retail with a dual report to Mr. Clarke and Mr. Foye. The stock has moved up 30% over the last one year (as on 31, July 2017), and currently trading at elevated levels. We maintain an “Expensive” recommendation on the stock at the current price of $12.18


TWE Daily chart; (Source: Company reports)

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