if i heard correctly, there were 4 x applications on IPO at 20c, so many of them could not be filled.
How many were wanting to get at 20c, so they could flip at 30c ? and how many wanted long positions to $$$
Hazzard a guess, $A200m Moblan Lithium transaction for SYA for 12Mt @ 1.4%
What if we double that with our 15-25mt target ? Scaling from 12mt => Values a range of $A250-416m with our 18m cash to unlock through exploration.
Allowing some meat on the bone for further growth, two other projects and satellite resources there too.
For a mc at 30c of 42m, less 18m cash = 24m EV today.
But lets spend the cash, over the next 2 year period, and put a $A 250-416m mc, in lou.
On 142m shares, that is A$1.76-$2.93 sp. = 10 X on 29c entry.
Share Price, page-12
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