Synthesis Energy Systems Inc. (SYNE)

[GHC]

Price set at $6 so 15m SES shares to be issued to Batchfire s/holders if 100% accept. At this early stage 33% of shareholders have indicated they will accept but given where the share price is and even if it stabilises between $6 & $10 I think all shareholders will see the benefits from accepting.
That $80m is buying potential earnings of ~$55mpa! We'll need to see fiancials to know just how profitable Callide is.
Then there is the Pentland mine start-up, another 4.5mtpa of coal production.
With so much stock being traded, 60m+ in the last few days, hopefully every warrant and other security has been converted into equity!
Could easily see 5m warrants being issued convertible at $10 to raise $50m to get Gladstone Gas Plant moving.
Let's see where the SP settles 1 or 2 months from now.