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"
From the Precision Newsletter,"We have owned Solstice Minerals...
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.05M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $5.91K | 35.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 265480 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 399891 | 4 |
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| Last trade - 13.44pm 21/06/2024 (20 minute delay) ? |
| SLS (ASX) Chart |