I believe the SP will keep stable in the range of $1.04 - 1.08 up until 31 March when the report is due.
Then one of two things will happen.
1. If a CR is in the works.. the SP will take a dive to the CR value, could be 10-15% discount on the current SP. Then I believe it will recover back to the $1 mark shortly after.
2. The company announces that it has secured a loan facility for such and such amount. This will cause the SP to start on its uptrend back towards the $2 mark by the end of 2019.
at the moment I think the shorts are betting on a CR. I think a debt facility is more likely given that the company has announced commercial production, which was a little premature.. given that they may end up going positive cashflow mid to late this year. I believe that they did this to get a debt facility.
the buy zone, page-190
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Last
32.0¢ |
Change
0.010(3.23%) |
Mkt cap ! $331.1M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.5¢ | $384.0K | 1.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 32108 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 16135 | 5 |
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| Last trade - 15.59pm 17/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |