Ann: Syrah announces Equity Raising, page-55

Two things of note: price received for March 1/4 higher than Dec 1/4-small mercies! And they get another few months to splash all this cash before they need more?? The loans might look likely but the fat lady hasn’t sung!
1 billion shares on issue puts a cap on where we thought the price might go just over 12 months ago.
A few months and good news might get it back to 70c?
Only shorter’s and traders know how it will be traded in the coming days and months. History as others mention indicate short term probably below issue price. Underwriter’s will then probably sell. Shorter’s really don’t have an excuse to pull out IMO -where’s the revenue / profit?
just when I thought some traction toward $1- back to square 1!!
Need a catalyst for higher graphite price- not sure if that’s on the cards until Chinese permit issue becomes clearer.
Imagine long termer’s a bit over this one by now. Spending 7 million on just preparing FID at Vidalia on top of the overspend to finish. I’d love some finer detail on where the money goes.