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
-
- There are more pages in this discussion • 316 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.0¢ | $1.877M | 61.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 100 | 26178440 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 4648882 | 12 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |