It is hard to fathom how there are 5 quarters of funding available when the majority of those funds are on the ATM subscription agreement with Acuity Capital...
I wonder what sort of thinking comes up with obtaining a cool $200 mill in available funds until the agreement ends in July next year...
So lets just say they source that financing facility, have money available till July next year and lithium prices don't change much and costs don't come down by that much. Game over...
In any event shareholder approval will be required for the company to source much more I'd say (could be wrong) than about $6 mill...
In relation to the ATM facility, Accuity capital reports on its website that of the 47 companies in its reported Capital ATM deal history, 41 are for less than 20 mill (size of ATM). Only two are for over $200 mill. LKE ( $250M) and SYA ($200). LKE reckon they can only realistically access about $6 mill. I'd say SYA would be the same...
It looks like Dougal has been thrown a hospital pass. What will he make of it?...
The time for direct corrective action is now. It's been 10 months since board renewal was announced. Hoping for someone other than a liquidator to be appointed....
In the meantime what about following the lead of another company (RNE) by demonstrating some empathy with shareholders...
It is hard to fathom how there are 5 quarters of funding...
Add SYA (ASX) to my watchlist
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $483.7M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.8¢ | 4.4¢ | $3.425M | 75.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 948438 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.7¢ | 3284849 | 24 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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4.7¢ |
Change
0.001 ( 3.52 %) |
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| Open | High | Low | Volume | ||
| 4.7¢ | 4.7¢ | 4.4¢ | 62401711 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| SYA (ASX) Chart |