So Maquaries 4c target is based on what? I would love for them to state why 4c, they have targets on other lithium way above their total equity, why SYA? If this is the case, to be valued similar to other lithium stocks SYA would need to issue roughly 70 - 80 billion shares for a 4c target for our market cap to be around a multiple of around 3-4 times total equity (where our peers are at the moment). At current prices that would be around $3b at a 4c raise.... Macquarie wants cheap shares???
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3.5¢ |
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Mkt cap ! $360.2M | |||
| Open | High | Low | Value | Volume |
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