D Day is here.
Sunstone is basically out of money, share price and stock dilution is at a point it is not viable to raise further capital. If they don't find a partner shortly, they cannot continue to drill or operate. They have already shut down as much as they can to preserve cash.
Now it's a gamble i.e. do you hang in there and hope Mgt find a partner shortly or do pull up stumps and cash in what's left of your investment.
I'm going to gamble as the upside, if they do find a partner, is too enticing to miss. I invested knowing this investment was a gamble and this would be the inflection point i.e. getting a JV partner.
Fingers cross let's get ready to rumble.
D Day is here. Sunstone is basically out of money, share price...
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Last
2.0¢ |
Change
0.003(17.7%) |
Mkt cap ! $123.3M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 2.2¢ | 1.7¢ | $1.052M | 52.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1925397 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 7123966 | 9 |
View Market Depth
| Last trade - 15.09pm 01/08/2025 (20 minute delay) ? |
| STM (ASX) Chart |