Yes, THAT I agree with. $1.5M cash + $SYR shares.
But to say "$20M cash + $SYR shares" suggests they have an extra $18.5M cash, which they don't.
Not here to knit pick, just clarifying.
They are investigating new projects, but with only $1.5M cash (unless they sell SYR holding), they will be limited. Nonetheless it will be interesting to monitor. One would have to assume either more dilution, or use SYR holdings (after tax) to fund the purchase of the new project?
Either way Grant clearly sees potential, which is a big plus. But what is the next step?
Goodluck
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