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Where did you read any of that info in this announcement? All...

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AH910

276 Posts.

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15/04/21

17:22

Post #: 52496888
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Originally posted by chichi ↑

Simplified:

Silver and copper explorer Valor Resources (ASX:VAL) leapt higher as it announced it is in line for a $US10.8m windfall from the unwinding of an asset transaction.
Gold miner SSR Mining (ASX:SSR) has arranged to sell its 8.73 per cent stake in Valor Resources at 0.6 cents per share, mostly to Valor Resources shareholders as part of the unwinding.
Valor Resources has handed back its Berenguela South silver-copper project in the South American country of Peru to SSR Mining, and retains its Picha silver-copper project.
The ASX copper and silver explorer agreed to buy the Berenguela South project in 2017 for around $US12m.

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Where did you read any of that info in this announcement? All this is saying is that SSR no longer has any link with Valor (after Valor relinquished Berenguela back to SSR) and wanted to sell it's shares in VAL. They've now sold them through CPS Capital to other VAL shareholders, including directors. There's nothing about relinquishing Berenguela South that I can see.

Last edited by AH910: 15/04/21

VAL Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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