SYR 0.00% 33.5¢ syrah resources limited

Ann: Syrah announces Equity Raising, page-53

  1. 208 Posts.
    lightbulb Created with Sketch. 222
    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
 
watchlist Created with Sketch. Add SYR (ASX) to my watchlist
(20min delay)
Last
33.5¢
Change
0.000(0.00%)
Mkt cap ! $346.6M
Open High Low Value Volume
33.5¢ 34.0¢ 33.0¢ $1.826M 5.453M

Buyers (Bids)

No. Vol. Price($)
39 1485715 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
33.5¢ 148900 1
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
SYR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.