Good announcement of conclusion to dispute with Sempra metals and additional production capacity options being explored...Straits is a high quality company with excellent cash flow and project/growth opportunities.
It was oversold on the dispute and associated issues with production problems at Tritton mine. The new deal should see those issues resolved and way is clear to recover back to former price levels ++...increasing thermal coal production at Sebuku mine etc....very good story IMHO.
I have bought a few today on the strength of the favourable situation now clear.
regards
DF
sempra metals settlement
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $36.54M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.5¢ | 38.5¢ | $3.823K | 9.577K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 2675 | 2 |
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| Last trade - 12.49pm 25/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |