Or, could it be a major battery manufacturer, like LG, or an EV OEM is going after the 50% JV's portion of SC6 production and also taking a major equity position in SYA on the condition that the OTA prepayment and the equity proceeds are used as follows:
- Buy the Amos paper plant,
- Speed up completion of the NAL carbonate plant that is almost 50% complete.
- Buyout the 40% SOQUEM interest in Moblan, and
- Make it easier to finance the hydroxide plant (at Amos), with an OTA for the bulk of the production?
Just another scenario to ponder. The trading halt for capital raise requested by SYA could be the equity position being pursued by this mystery party. We could have an announcement either after of the close of today's, or most likely, tomorrow's ASX trading session.
Or, could it be a major battery manufacturer, like LG, or an EV...
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $370.5M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $2.158M | 59.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2625000 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 5881377 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SYA (ASX) Chart |