I'm not one of the smarter but here is an example.
Just wondering if this cap raise could be a binding offtake agreement and equity investment similar to CXO's with Ganfeng?
If it was a binding offtake and equity investment, would SYA's announcement today say "material capital raising" instead of "capital raising"?
Below are screenshots of CXO's announcements and the share price graph with a highlight for the date of the announcement.
Small dip before the long run up.
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $247.0M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $665.5K | 27.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 978814 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 5787563 | 25 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| SYA (ASX) Chart |