i sold at 6.46 or47 recently,people complain about short sellers who are generally large instos, certainly not represented by hc posters who claim to be short selling, they like me just think a lower price is possible.
if anyone is taking notice of the market lately most stocks are down, in the case of STO I believe it can go lower the ann, of a capital raising through a rights issue only confirms that belief.
its very rare for a stock to fair well after a rights issue in my experience trading, I must say how surprised
I am by the offering and suspect it will be fully subscribed, as for the sp. going north I doubt it but they may be playing their cards well its a prime resource with lots of long term upside in my opinion , and I will
watch with interest to buy in again
STO Price at posting:
$5.91 Sentiment: Hold Disclosure: Not Held
(20min delay)