STN 4.76% 22.0¢ saturn metals limited

Perhaps it's Sprott continually reducing its exposure to STN....

  1. 312 Posts.
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    Perhaps it's Sprott continually reducing its exposure to STN. Not being a producer able to increase cash flow from the ever increasing spot price. Misunderstood low grades (people tend to look at graded but forget about strip ratios). Gold speculators moving their cash into producers. Who really knows. Hard to understand but if you conclude, as I and others here do, that STN has all the fundamentals AND will have the ability to raise cash to get the pilot project up and running then I guess it just presents as an opportunity to buy more at these prices. I am pretty much as loaded up as I can be, just calls for patience. The EV/OZ must be incredibly low now and with IB inferring a resource upgrade mid year it will be even more attractive. But yeah, hard to believe it remains this low even with Sprott off loading. I know one thing for certain, I'd be buying at these prices if I had just come across STN. Think CMM.
    Last edited by 4leedy: 24/03/23
 
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Last
22.0¢
Change
0.010(4.76%)
Mkt cap ! $67.95M
Open High Low Value Volume
22.5¢ 22.5¢ 21.5¢ $95.74K 431.9K

Buyers (Bids)

No. Vol. Price($)
2 30000 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 16706 1
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
STN (ASX) Chart
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