SP doesn't mean anything.. only shows what investors value the company at. Many of whom are easily manipulated by the larger industry investors.
The company will still have upwards of $50m in cash by the end of this quarter and tonnes of sought after product. Imo it can easily obtain a loan if needed and won't need to raise capital at the current SP.
Time will tell.
Production risk, page-9
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $212.1M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.8¢ | $843.2K | 4.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 332339 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 157107 | 3 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| SYR (ASX) Chart |