Yes 9.14m SYR shares at today’s closing price of $1.48 means we hold $13.5m worth.
$13.5m SYR shares + $1.1m cash totals up to $14.6m in cash and investments.
Divide this by 120m shares on issue and at a bare minimum we should be trading at 12.2c
Note that this does not take into account the inherent shell listing value of $1m or the upside associated with a pending asset acquisition.
CSE – the best ASX shell play -$1m EV, page-13
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