At 27 cents, this is cheap for someone that takes a 7 to 10 year time frame.
Don't be surprised is someone takes a 10% equity stake in Syrah within the next 3 to 6 months.
Maybe a full Takeover could be on the table if price is right.
i note the directors sacrificed their fees into buying more Syrah shares recently. That may suggest they have plans in the next 6 to 12 months to find a buyer.
If so they've bought cheap. Gives shareholders some confidence.
Ann: June 2024 Quarterly Activities and Cashflow Report, page-101
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Last
24.5¢ |
Change
-0.025(9.26%) |
Mkt cap ! $253.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.8¢ | 24.0¢ | $2.378M | 8.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 565198 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 52473 | 2 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |