Could be bad news for shorters if the CR goes thru as below.
Positives
SYA get Capital
SYA reduce shorters
Notes:
20% Institutional holders - potential loaning out shorts
10% Shorts in holding
https://www.copyright link/street-talk/sayona-mining-rounds-up-canadian-investors-for-raising-20230306-p5cpqe
Street Talk understands Sayona, whose shares have been halted since Friday, was chasing $50 million odd at pricing, which was expected to land around the 30¢ a share mark. Its house brokers Canaccord Genuity and Petra Capital were not on the scene.
Fund managers expected the raising to be structured as a flow-through placement of shares at 30¢ odd (a premium to the 23.5¢ last traded price) to Canadian investors, some of whom can claim tax credits under the Canadian law.
News: SYA Sayona Mining Seeks Trading Halt, page-2
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 3.1¢ | $657.2K | 20.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 4663949 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 2145533 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |