Nothing is going to happen in the short term to move the SP higher.
The DFC loan required more liquidity before sign off so loan until the funds are raised and the balance sheet looks healthier.
I feel the DOE loan won’t happen for the same reasons. DOE probably waiting to see SYR cashflow positive so they can have confidence SYR can repay all these loans but that’s not happening anytime soon.
I think debt funding issues will crush SYR without massive dilution and that means less return for current holders.
Media Reports, page-3481
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Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $1.802M | 7.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1034048 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 443295 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |