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
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $20.06M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 19.5¢ | $109.0K | 547.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 60000 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 209576 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60000 | 0.190 |
1 | 55000 | 0.185 |
2 | 40126 | 0.180 |
3 | 318249 | 0.175 |
2 | 32361 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 209576 | 4 |
0.205 | 100000 | 1 |
0.210 | 32880 | 2 |
0.225 | 8340 | 2 |
0.240 | 5000 | 1 |
Last trade - 13.48pm 06/09/2024 (20 minute delay) ? |
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SLS (ASX) Chart |