Ann: Syrah announces completion of retail entitlement offer, page-23

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GMONHC

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03/03/22

12:56

Post #: 59953263
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Originally posted by chokdee: ↑

Unusual circumstances GMNOHC in unprecedented times. I believe first and obviously why? The obvious answer is the Russian invasion on Ukraine and subsequent market volatility - fear and greed chart indicates clearly the current environment.
Then I would ask - if not for the Putin thing how would have this capital raise - retail side played out. I am sure people here have enough experience and a clear enough head to make a very different case - scenario.

Bottom line is we are cashed to progress. What if management did not choose this capital raise option may I ask?
I would anticipate we would be totally hamstrung on development of Vidalia for a prolonged period - how would that make Syrah look - how would that position obligations for excellent TESLA binding agreement. Some here need to move on (not yourself) - as the company is.

Simply ask themselves - what if we were still awaiting FID - in this very exact time now - and then ask where our sp would be - I would suggest sub $1 given the concerns around Syrah being unable to deliver - and reliant on Balama operations only for future revenue.

For me it is a big thumbs up to management to pull the trigger when they did - now the company grows rapidly and when the current crisis - market conditions pass - SYRAH will be perfectly positioned - not waiting for conditions to improve to - what - do the same capital raise but without a 10% lower current sp premium. Come on folks - get with the current global circumstances/risks - securing finances difficulties. Things were hard enough before with inflation globally impacting markets - capital flows.

GLTAH - patience now and some very positive news flow will arrive. Good - sorry excellent strategic move by management against a backdrop where other finance were either not favorable - or available.

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Thanks chokdee
Agree global events didn't help the retail side and also agree they needed to do it when they did to get Vidalia underway.
Thanks again for your thoughts.

SYR Price at posting: $1.40 Sentiment: Hold Disclosure: Held
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Ann: Syrah announces completion of retail entitlement offer, page-23

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