So, for the last cap raise...SYA issued a new 1,111 million shares (A nice way to say a billion shares) ...I hope I am recollecting it the right way.
Now,
For another billion shares issued at 0.05 cents will raise 50 million cash
At 0.025...will raise 25 million.
at 0.075 will raise 75 million.
I do not believe that any sophisticated investor or any institutional bank will risk even a million dollars for a cap raise for a company that has a weak financial performance year on year. Given the fact that, economics for Lithium Spodumene is not good or great for the near future or even long term.
Now, if there was a talk to restart the carbonate refinery, we may have some debt financing option available or another possible partner.
But for that partner to come onboard, we need to get rid of PLL altogether.
So, if I am thinking correct...
Will PLL be shorted again on the US exchange. Or will two other firms short PLL instead of one ...Before the next SYA AGM...
- Forums
- ASX - By Stock
- SYA
- General Discussion Topics
General Discussion Topics, page-143989
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYA (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $319.0M |
Open | High | Low | Value | Volume |
3.0¢ | 3.3¢ | 3.0¢ | $3.971M | 128.5M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 15697465 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 594033 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 15697465 | 0.030 |
37 | 7850734 | 0.029 |
30 | 9171157 | 0.028 |
20 | 5628772 | 0.027 |
23 | 5613592 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 594033 | 3 |
0.033 | 4855249 | 26 |
0.034 | 5928411 | 21 |
0.035 | 2904820 | 17 |
0.036 | 2397321 | 8 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |