From the Precision Newsletter,
"We have owned Solstice Minerals (SLS) since in it was a spun out of OreCorp two years ago and became a substantial shareholder after well-regarded geologist Nick Castelden was appointed Managing Director in early 2023. At IPO, the Hobbes Gold project (80% SLS) was its key asset and, whilst it had moderate exploration success culminating in a maiden resource of 177,000oz of gold at a grade of 1.2 g/t Au, it was unlikely to ever be a stand-alone operation. This month SLS has netted $10m from the sale of this project to Northern Star Resources Ltd (NST). As a result of this sale, we estimate SLS now has a cash balance of approximately $17m or 17 cents per share. They just have to work out a wise way to spend it now...
The 60% increase in the SLS share price month to date reflects what a surprisingly good result this sales realisation was for the company"
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- Ann: $10m Received Following Hobbes Sale
Ann: $10m Received Following Hobbes Sale, page-6
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Last
16.3¢ |
Change
0.003(1.56%) |
Mkt cap ! $16.30M |
Open | High | Low | Value | Volume |
16.0¢ | 16.3¢ | 16.0¢ | $2.006K | 12.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 101000 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 101000 | 0.160 |
2 | 53661 | 0.155 |
4 | 145000 | 0.150 |
2 | 98965 | 0.145 |
4 | 866803 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 300000 | 1 |
0.175 | 94178 | 2 |
0.180 | 115000 | 2 |
0.185 | 97500 | 1 |
0.190 | 5268 | 1 |
Last trade - 12.41pm 24/05/2024 (20 minute delay) ? |
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