This capital raising should not be a surprise.
Shorts can only cover via the placement and you'd hope management will allocate nothing to the shorts in the bookbuild and make them scramble in the secondary market.
Ann: December 2023 Quarterly Activities and Cashflow Report, page-44
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $313.0M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $560.0K | 1.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 42226 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 389614 | 24 |
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| Last trade - 15.59pm 24/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |