per Announcement on 27 Apr, there is A$150M convertible note issued to AustralianSuper which is executable in 3 series, each $50M.
https://www.syrahresources.com.au/investors/asx-announcements#
first series was issued on 12th May(Fri). and SP increased by 4%.
https://www.syrahresources.com.au/investors/asx-announcements#
but next opening day dropped by 10%.
we had the same pattern this week. SP jumped following the positive news. then dropped. then increased again today by 10% after executing the $ 50M convertible notes.
let's see market reaction on Mon.
on the flip side, there should be a strong reason behind AustralianSuper decision to execute notes 5 months to the deadline. may be they identified $ 0.65 as the bottom line.
Ann: Notification regarding unquoted securities - SYR, page-7
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Last
27.5¢ |
Change
-0.025(8.33%) |
Mkt cap ! $284.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 27.5¢ | $1.121M | 3.932M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 373082 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 68783 | 5 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |