Aus Super will not be "recalling their lent shares" all in one go, or any time soon. They make money from lending out their shares.
The worst part about this raise is it's $98M just to keep the lights on & keep the show rolling
It is not a sum of money specific for something to get excited about
This is the worst form of capital raise
I wonder what the burn rate is to keep this show rolling?
SYR is very lucky to be backed by Aus Super
Could see this back in the 40c range next week
For those with rose colored glasses thinking the shorts will close all positions on this capital raise, i think they are very wrong and will have a reality check soon. Time will tell
IMO DYOR
Ann: Syrah announces Equity Raising, page-53
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26.5¢ |
Change
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Mkt cap ! $274.2M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 26.5¢ | $1.906M | 7.017M |
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| No. | Vol. | Price($) |
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| 17 | 353313 | 26.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 94642 | 2 |
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