This share price is a worry. Now is the time to take it over for anyone that wants it. Australian super owns 20% so that is an important blocking stake. And I am sure the board has a strategy in place that if it happens they will invite as many bidders so that it does not go too cheap.
Remember a few years back Glencore was knocking on their door with A$2 Billion offer on the quite. Not just graphite that they were after but Vanadium as well. Currently, it has $165 million and US$65 million in cash (about A$95 million in Aussie).
At 40 cents per share, they would want at least $1.60 to $1.90 I'd reckon .Potential bidders? Glencore, South 32, A Chinese company, General Electric or even Tesla (using high price scrip).
Good companies with a long term view buy up other companies on the cheap when the markets are down.
Ann: December Quarterly Activities and Cashflow Report, page-275
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $331.1M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $1.390M | 4.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 904701 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 360883 | 6 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |