STM 8.33% 1.1¢ sunstone metals ltd

Ann: Sunstone appoints Patrick Duffy as Managing Director, page-26

  1. 3,456 Posts.
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    Last lot of trenching data was announced on the 31/1 from the November/December surface works plus Xmas break. So IMO with no lab backlog more surface results should be received any time now through April. Once an area is targeted it doesn't take long to trench. Small excavator.

    Didn't like MN mentioning drilling still a few months away. Puts drilling in early H2. So we've gone from 1st week Oct 23 to possibly July 24 without any drilling.

    Hope the market react to good trenching results. General they don't couple this with the ongoing rinsing evident since raising at Xmas and raising again to fund the full intended programs at EP and Brama we might see the low 1ct until good coin in the bank/JV and programs started.

    Big question with STM is how are they going to raise with enough funding for these programs without ending up with 6bn SOI. Looking forward to PD's input steering STM away from dilutive placements and good assays on trenching.

    Happy Easter to all holder.

 
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