Seems the Stellar management calculator is broken so i thought i would do the maths for shareholders here (with help from CPDLC).
43.528m shares in SRZ equate to c. A$4.18m at current SP of 9.6c.
If SRZ shareholder approve then there will be 152.35m SRZ shares in issue and GIP's holding will equate to 28.57%.
So gip losses 30 percent of Heemskirk but gains 28.57 of SRZ including all its projects so is only really down 1.5% on Heemskirk for 28.5% of Stellar.
Not really a good deal for Gip as i doubt it will benefit from it stake and it would be better off if Stellar took Heemskirk to development.
Not even a good deal on the surface for Stellar shareholders more like just giving the company away.
Seems the Stellar management calculator is broken so i thought i...
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Last
1.4¢ |
Change
-0.003(17.7%) |
Mkt cap ! $27.18M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.4¢ | $90.86K | 5.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 900000 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 200000 | 1 |
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| Last trade - 14.19pm 08/08/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |