You do realise they have just acquired a fully JORCed Lithium tenement in Canada right? this is not merely a capital raising.
See BGS for an example of the SP going up by a factor of 8 after a capital raising on similar terms to this (not comparing the actual asset of the tenement of course as Birimian have possibly the best lithium tenement in the world that is not yet being mined)
Id say it will be a rocky one but demand is looking mighty thin right now
Ann: Non Renounceable Rights Issue Prospectus-SYA.AX, page-14
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Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $339.6M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.3¢ | $604.0K | 18.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2231545 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 7218944 | 26 |
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| Last trade - 12.06pm 09/10/2024 (20 minute delay) ? |
| SYA (ASX) Chart |