Agree - I have holdings in 2 names and am taking up my entitlements for both.
Once the El Palmar MRE is released (maybe as soon as late this month), we might start to see some movement in share price on increased resource plus expectation of a deal.
Short term risk is to a positive response to the MRE is that we see selling of these 0.5 cent issue shares by those who just want to keep the options.
Medium term upside (and potentially significant upside from this very low enterprise valuation) is the MRE results in STM doing a deal on El Palmar that re-writes the markets views on the value and attractiveness of STM's assets.
STM Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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