These same notes(tranch 1 and 3) we were told would be converted on the last note issue in April 23 and approved by shareholders at the annual meeting.
As I asked this morning why have we now been asked to approve this once again but now on much better terms for Aus Sup, smacks of desperation by Syr to keep them happy as shareholders are thrown under the bus again. Why werent they converted as indicated last year?
As for staying above.55 very much doubt it and the short term outlook is very poor, continued capital raisings with so many dark clouds around.
Ann: Syrah announces Equity Raising, page-44
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