You do realise they have just acquired a fully JORCed Lithium tenement in Canada right? this is not merely a capital raising.
See BGS for an example of the SP going up by a factor of 8 after a capital raising on similar terms to this (not comparing the actual asset of the tenement of course as Birimian have possibly the best lithium tenement in the world that is not yet being mined)
Id say it will be a rocky one but demand is looking mighty thin right now
Ann: Non Renounceable Rights Issue Prospectus-SYA.AX, page-14
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $247.0M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $665.5K | 27.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 978814 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 5787563 | 25 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| SYA (ASX) Chart |