the first indication of what the market thinks Sturec is worth will be when we go ex entitlements. That drop could be quite a bit, but who knows. The next will come around the new listing. MTC is retaining some of the new shares, so if it comes on well, as I expect, then that value will be included in some part.
the nice recent gold hits are certainly helping, but it’s all up in the air as to what the market will eventually rate us at, post IPO Li.
management have done a good job with this listing/spin out process. I’m still not sure if they’ve got the capability to bring Sturec into production.they’ll have some millions of $ of the new Li shares to sell to help fund the gold though.
interesting times ahead.
cheers,
ned.
MTC Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)