Might be some clause in any loan agreement/offttake agreement that the Co needs to have a guaranteed buffer of liquidity. I don’t know - but there’s a huge amt of shorts that will need to be covered - and a CR enables them to “get out of jail free”.
Like I said hopefully not - but I’m sceptical.
DYOR IMO
Ann: Change in substantial holding, page-7
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $265.7K | 1.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 1066411 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 494784 | 28 |
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| Last trade - 10.36am 15/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |