SYR

2.17%

23.5¢ syrah resources limited

Ann: Syrah announces outcome of retail entitlement offer, page-29

First 29 Last

Share
Profile

Follow
lukeyj90

348 Posts.

26/08/15

22:35

Post #: 15882182
Share

Originally posted by mainholm ↑

So true Moloch. They say ignorance is bliss. Sadly that adage doesn't stack up in the stock market.

Anyway, as I have posted several times already, SYR getting a 100% fully underwritten equity raising was much better than going for debt. With commodity and stock markets diving all over the world any company with large amounts of debt is under the gun. Especially companies that don't yet have a revenue source. It would have been absolute stupidity for SYR to go for debt funding. So well done SYR management.

Getting such a large amount of equity funding from the market when they did is the company maker move that puts SYR further in front of the pack. SYR is not obligated to any 3rd party and can continue to build the company and develop the project in order to create future wealth for their shareholders. SP gyrations should be background noise for most, but also opportunities for the quick and nimble. Sure that includes the shorters as well......... damn their souls to hell and also the regulators for allowing such insidious practice. It was obvious what the shorters were playing at and in this case they walk away with a win.

So, the shorters get the opportunity to cover off market and profit a nice bag of cash. If they do that now then they are likely to reload and fire again. Although, the smarter ones might be wary of the announcements in the pipeline that should be catalysts for SP boosts.

It pays to prepare for these situations especially anticipating the likely moves of market players and the effects on the SP. As you said Moloch, some would have and most others likely not. However, it is all about the destination and not about the stops along the journey.

Cheers

Expand

I agree - too much debt is not a smart move, especially with SYR's lack of offtakes IMHO.Other companies are going for a higher debt to equity combination and the SMARTEST ones are focussing on something inbetween. 50% debt to 50% equity would've been the best option IMO

Hope SYR can hold up. Other G stock followers have used the SYR market cap as a catalyst for peer comparison and what could be.

SYR Price at posting: $2.66 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Revolutionary inverter technology leads the clean energy charge

TNC

True North increases silver metal at QLD's Vero deposit by 20%

Emerald & Azure score Digger & Dealer awards

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Bitcoin: Current State of Play & Where to Next | Swyftx

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

There are more pages in this discussion • 16 more messages in this thread...

First 29 Last

Add SYR (ASX) to my watchlist

(20min delay)
Last 23.5¢		Change 0.005(2.17%)		Mkt cap ! $243.1M

Open	High	Low	Value	Volume
23.5¢	24.5¢	23.5¢	$703.0K	2.946M

Buyers (Bids)

No.	Vol.	Price($)
9	211145	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	110000	1

View Market Depth

No.	Vol.	Price($)
6	63284	0.235
18	397267	0.230
8	428208	0.225
12	610989	0.220
6	511107	0.215

Price($)	Vol.	No.
0.245	174114	3
0.250	303056	7
0.255	216147	5
0.260	251811	5
0.265	76717	3

Last trade - 16.10pm 09/08/2024 (20 minute delay)

SYR (ASX) Chart

Ann: Syrah announces outcome of retail entitlement offer, page-29

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Revolutionary inverter technology leads the clean energy charge

True North increases silver metal at QLD's Vero deposit by 20%

Emerald & Azure score Digger & Dealer awards

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Bitcoin: Current State of Play & Where to Next | Swyftx

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Syrah announces outcome of retail entitlement offer, page-29

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Revolutionary inverter technology leads the clean energy charge

True North increases silver metal at QLD's Vero deposit by 20%

Emerald & Azure score Digger & Dealer awards

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Bitcoin: Current State of Play & Where to Next | Swyftx

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News