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5.26%

1.8¢ stellar resources limited

Are you thinking of another Nero? Nero Resource Fund is newish...

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hightrax

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22/02/24

16:43

Post #: 72541930
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Originally posted by Autosime: ↑

Its is promising because the level of ownership is telling - just under 20% is no accident
Nero have global reach and may shop the asset around , They may wait until a bit more drilling is done to further grow reserves, but either way the Tin asset has come back to life. I don't think Stellar long term is the natural owner of this asset, I think MLX is but its grade is such that it may be of interest to a mid cap resource company, here or abroad. I think Nero will make sure value is realised , and of course they benefit in the interim

To me at least its very obvious what they are doing - and the outcome either growth of reserve or sale will realise a substantial premium.
The options strike of 1.5c also incentivize an ultimate SP of 1.5c plus

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Are you thinking of another Nero? Nero Resource Fund is newish and based in Perth. Same one?

SRZ Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.8¢		Change -0.001(5.26%)		Mkt cap ! $34.95M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.8¢	$40.09K	2.212M

Buyers (Bids)

No.	Vol.	Price($)
4	1829303	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	488100	2

View Market Depth

No.	Vol.	Price($)
3	1729303	0.018
2	1037356	0.017
1	180000	0.016
3	85250	0.015
1	2000000	0.012

Price($)	Vol.	No.
0.019	488100	2
0.020	807000	2
0.021	540000	2
0.022	750000	2
0.023	1474662	5

Last trade - 16.10pm 11/06/2024 (20 minute delay)


Last 1.9¢			Change -0.001 ( 2.63 %)
Open	High		Low	Volume
1.9¢	1.9¢		1.8¢	1055184
Last updated 15.35pm 11/06/2024 ?

SRZ (ASX) Chart