Bit late to the party this morning. TH for capital raise aye.
My 2 cents:
100M in cash
200M line of credit
Company cashflow shows 5 QTRs of funding
We are about to start generating good cashflow
We already have 8B SoI
This wont simply be to do with operating expenses - I strongly disagree this is just to maintain the norm
My bet would be offtake & strategic partner who will get some cheap shares and agree to a OTA.
They maybe also helping us fund future growth operations to sustain their offtake share.
I might be completely out of the park but its a punt that im happy with
Ann: Trading Halt, page-147
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $329.3M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 3.2¢ | $1.098M | 34.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 114 | 18766849 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 5621461 | 19 |
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| SYA (ASX) Chart |