Ya totally agree - it's going to be a really prolonged ' slow burn ' to somewhere between 10 cents and 20 cents . And well before the successful bidder is confirmed I feel. Reason is twofold. FIRSTLY , and as I stated , I reckon there will be more news items before this announcement. And SECONDLY , they will want to get this SP up as high as they can so they can potentially raise as much as $50 - $100 million including the 3's and 4 cent options.
That's just one of my thoughts. So potentially a 1 for 5 or thereabouts rights issue at 20 cents would easily get you your $100 million ....so in that case the SP would have to in fact be even higher than that. But you get where I'm leading with this.
So yeah , the run is far from over in my opinion.
todays chart, page-2
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $329.3M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 3.2¢ | $396.3K | 12.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 192 | 37178550 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 6759727 | 74 |
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| Last trade - 14.31pm 24/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |