SLB (Stelar Metals) vended in a 90% share of a NSW Lithium Project (with copper and gold). Price took off first thing and was sold down to 22.5. Closed at 24.5. Volume was 4-5X average.
I wondered what it was ex-CXO veterans Stephen Biggins and Colin Skidmore saw in EMCs Trident Lithium Project. "At this early stage, Stelar’s Trident Lithium Project seems to have similar attributes to the lithium rich pegmatites in the Bynoe Pegmatite Field in the NT. The Trident lithium rich pegmatite field has been worked historically for tin and tantalum, includes tens if not hundreds of pegmatite bodies of significant scale within a large pegmatite field tens of kilometres long and has not yet been drill targeted for lithium.”
They have $4m in cash and are issuing share in lieu of payment.
