STM 0.00% 1.2¢ sunstone metals ltd

Limon and Elparma sort of curse really, two company making huge...

  1. 1,664 Posts.
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    Limon and Elparma sort of curse really, two company making huge projects. This I’ve seen played out many times, split focus, massive capital demands to drive both at once, two sure fire reasons why investors are sitting on the sidelines. RXM is another classic example like this with a great cu au play at Hillside while also discovering a potential bonanza size au play in Nevada. Yet like STM, RXM’s SP is bargain basement. Both companies trading at enterprise valuation one could justify for just one of either companies resources. Capital doesn’t like a company led by a team with split priorities and without a clear single focus. It’s also a struggle to get excited about a company with no end of cr’s on the near horizon. sTM need to find an exit fast for one of these resources or existing shareholders are going to be diluted into the ether
    AIMHO DYOR
 
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Last trade - 09.57am 07/05/2024 (20 minute delay) ?
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