I think we knew that this was inevitable (some of us perhaps more than others). Anyway I'm sure Tolgas phone has already been ringing with the Administrators trying to offload some assets. Would SYR be interested in Nicanda Hill? Not at all IMO - deep narrow veins of low grade graphite are unlikely to get mined any time in the next few decades (or centuries - if at all). Questions remain over the resource and grade - maybe this will come out in the wash up of TON. Was it all a con job that has suddenly come to light? Do TON even have the rights to sell NH? What does the agmt with Grafex say about going into Admin? What will Grafex do? Shall we ask WG?
I can't think of a single reason to look at trying to buy any of the assets. Anyone disagree?
Howdy neighbours :-), page-7
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Last
28.5¢ |
Change
-0.010(3.39%) |
Mkt cap ! $294.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.0¢ | $1.469M | 5.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 498635 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 127651 | 4 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |