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
38.5¢ |
Change
-0.005(1.28%) |
Mkt cap ! $398.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.0¢ | $2.083M | 5.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 872525 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 72491 | 4 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| SYR (ASX) Chart |