SRZ 13.6% 1.9¢ stellar resources limited

Ann: Trading Halt, page-7

  1. 20,398 Posts.
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    Guys
    Some positive news is on the way
    Placement to be done at a premium and will raise enough money to move the project meaningfully forward
    It will be conerstoned be a specialist and uber successful global resource fund
    These guys have outperformed the market by 922% since 2013
    They are activists and seek to aggressively realise shareholder value.

    Its very exciting for all shareholders

    I would be very surprised if this doesn't pop hard on the news

    interestingly , we now have a sub holder with 17% who can facilitate realisation of the value of the assets via sale or development.

    These guys aren't here for 10-20% . we know this asset with some drilling is likely to be much bigger and worth alot more and stacks up well on a global tin project comparison and is in a safe jurisdiction

    I believe Heemskirk is carried at 12 m on the books - that in itself is a 50% premium to current market cap, but its obviously worth more to an natural owner like MLX or a mid cap resource company looking for Tin exposure. Tin is also much higher now so book value when reviewed likely to go up by a large degree
 
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Last
1.9¢
Change
-0.003(13.6%)
Mkt cap ! $40.77M
Open High Low Value Volume
2.2¢ 2.2¢ 1.9¢ $62.66K 3.199M

Buyers (Bids)

No. Vol. Price($)
3 314312 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 1194560 1
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Last trade - 15.33pm 23/07/2024 (20 minute delay) ?
SRZ (ASX) Chart
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