Australia's largest stock trading and investment forum Australia's #1 stock forum

STM

Click for more information

8.33%

1.3¢ sunstone metals ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-78

First 78 Last

Share
Profile

Follow
Stinkdong101

8 Posts.

20/10/21

20:28

Post #: 56949776
Share

Originally posted by alphabette: ↑

I think you'll find STM never did trade at $3.00 as historical charts would suggest.

Historical charts are often adjusted to allow for splits, consolidations, rights issues, spin-offs etc.

STM, or Avalon as they were known back then completed as share consolidation of 1 share for every 10 shares on 18/11/2014, which meant that all historical price data prior to the split would've been multiplied by a factor of 10, in order to smooth out the chart. The share price on the historical chart on the day of consolidation shows 30 cents.

To kinda prove the company never traded at $3.00, if you were to look at STM's announcements around the time when the historical chart says it was trading at a close of exactly $3.00 on the 30/5/2008, you'd find that the company completed a share placement comprising 6.6 million shares at 15.5 cents per share on the 27/3/2008, so unlikely the price rose 1,835% in that time, given what they were doing during that time period. But it is what I hope will happen to our share price once we've peppered El Palmar with holes.

Expand

Thanks mate, I sort of understand what you’re saying anyway let’s hope this one keeps going.

STM Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

First 78 Last

Add STM (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $47.72M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$17.22K	1.326M

Buyers (Bids)

No.	Vol.	Price($)
4	2148261	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	633541	2

View Market Depth

No.	Vol.	Price($)
4	2148261	0.012
16	5533111	0.011
24	9097750	0.010
10	4029554	0.009
6	5823000	0.008

Price($)	Vol.	No.
0.013	633541	2
0.014	4999270	10
0.015	2746047	4
0.016	1852558	5
0.017	500000	1

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 1.3¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.3¢		1.2¢	210590
Last updated 15.59pm 29/05/2024 ?

STM (ASX) Chart