Good analysis, I agree, IMO Syrah shorts are simply betting on...

Good analysis, I agree, IMO Syrah shorts are simply betting on the company not being able to fulfill its ambitious goals, they believe once the market realizes that (after multiple delays in attaining production and sales targets, running way beyond their targeted costs, not attaining a cash flow positive status...etc) the market will punish severely Syrah stock and shorters will gain a lot of money.

It is funny because before the 100M$ recent extremely smart and well timed cap raise, shorters did sincerely believe Syrah will go bankrupt as soon as it started production and selling at a loss, however the 100M$ cap raise turned shorts expectations on their head, now they believe the death of syrah wont be a sudden agonizing death but rather a slow gentle one...however a death is a death, IMO both shorts and longs are wrong about syrah, I personally expect to e one day a long term investor in Syrah but clearly not at this valuation...