St Barbara Limited (“St Barbara” or the “Company”) (ASX:SBM) confirms the pre-market open sale on 16 August
2024 of the Company’s entire shareholding in Catalyst Metals Limited (“Catalyst”) (ASX:CYL) at the closing price on
15 August 2024 of A$2.00 per share, netting cash proceeds of A$25.2 million.
The cash proceeds will be used to further strengthen the Company’s balance sheet liquidity as it progresses towards
the development of its 10 Year Plus Mine Plan for Simberi, underpinned by the ASX release announcing an increased
5.0 million ounce Mineral Resource and 2.8 million ounce Ore Reserve.
St Barbara has been a supportive shareholder of Catalyst since March 2017. Catalyst is enjoying tremendous market
support and the Company wishes it the very best of success. The strong demand for the Company’s stake, at no
discount to market price, has been a determinative factor in selling, at a time when the market was giving minimal
recognition to the Company’s investment portfolio value. This decision is consistent with the Company’s stated
strategy of active management of the investment portfolio while being patient with the holdings, rather than taking
discounted block trade sales.
Still no show of the buyer????
Interesting Time, page-13
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Last
$2.78 |
Change
0.010(0.36%) |
Mkt cap ! $627.6M | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.83 | $2.68 | $2.078M | 756.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 606 | $2.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.78 | 3748 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CYL (ASX) Chart |