Good point, Anilara1. Yes, I did notice that not all the options had been exercised by Bank of America. But I do think that their move to "Substantial Shareholder" status, and the implications for future SYR borrowings at international rates, is very important, insofar as it removes a potential obstacle to mine development.
Just as an aside, it is worth observing that the B of A holding will almost certainly be counted by the ASX as "free float" in the shareholding, meaning that those shares will be counted in assessing a possible inclusion of SYR in the ASX 200, with all the associated implications for required purchase by some of the index funds. Cdchi1 has forecast that this could happen in the current calendar year. This latest move has to make his prediction look much more feasible.
Cheers, Prime1
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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13 | 483009 | 0.295 |
23 | 3576240 | 0.290 |
8 | 988199 | 0.285 |
15 | 1780285 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
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0.310 | 103901 | 4 |
0.315 | 150055 | 4 |
0.320 | 234911 | 10 |
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