....if you manage this into the ground and delist...you don't have to buy the share back....they have about $100M in the bank....and $80M debt ($55M convertable, so not real debt per se)...so negative net debt of A$20M....
...so have a year left on the current cash burn....if they shut business down...they will have at least 4-5 years of cash left....to cover fixed costs.... so that is why it is imperative not to keep operating this on a negative cash.... that is assuming you don't have a hidden agenda & massive paycheck looming....
...what is amazing that they have received over $1Billion from investors to date.... current project cost is worth $700-800M ...but trading on a EV of only ~$80M ...so 10 cent to the NAV...
Ann: Becoming a substantial holder, page-36
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $305.2M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 28.8¢ | $1.303M | 4.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 178939 | 5 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |