Good question. Makes no financial sense to buy in the raise at a premium to on market IMO. It's following the typical trend of dilutive raises -price drops to issue price and more than likely stays there for a while and goes lower on the back of institutions relinquishing shares they didn't really want in the first place, along with shorts taking advantage. In saying that, I think it;s about the last straw for SYR to take advantage of any market advantage they have. Get Vidalia to 80% on time (revenue from Tesla), announce more ex China off takes, sign off on the loan. Along with a rising graphite price, I hope this would be a base to go higher if things fall into place. So, despite it not being my investing mantra, I might subscribe anywhere around 55c but there's a limit, just to prevent those shares being sold back into the market at these levels.
- Forums
- ASX - By Stock
- SPP - Will you be participating
Good question. Makes no financial sense to buy in the raise at a...
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYR (ASX) to my watchlist
(20min delay)
|
|||||
Last
51.5¢ |
Change
-0.010(1.90%) |
Mkt cap ! $441.3M |
Open | High | Low | Value | Volume |
53.5¢ | 53.5¢ | 51.5¢ | $1.648M | 3.142M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 130445 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 42538 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 130445 | 0.515 |
8 | 253951 | 0.510 |
1 | 20000 | 0.505 |
5 | 44092 | 0.500 |
5 | 166640 | 0.495 |
Price($) | Vol. | No. |
---|---|---|
0.530 | 42538 | 2 |
0.535 | 41000 | 3 |
0.540 | 122767 | 6 |
0.545 | 217000 | 2 |
0.550 | 141509 | 8 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
52.0¢ |
  |
Change
-0.010 ( 2.09 %) |
|||
Open | High | Low | Volume | ||
53.5¢ | 53.5¢ | 51.8¢ | 877504 | ||
Last updated 15.59pm 03/05/2024 ? |
Featured News
SYR (ASX) Chart |