SBL signature metals limited
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Fat Prophets published today on SBLTake up your RightsSBL: Hold...

  1. TaneNui
    946 Posts.
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    30/03/11
    19:19
    Post #: 8188557
    Fat Prophets published today on SBL

    Take up your Rights
    SBL: Hold around 3.2 cents
    On the 10th of March, Signature announced they were undertaking a A$16.25m capital raising via the means of a placement and a rights issue, to continue exploration and development of the Konongo gold project in Ghana. However, market volatility on the back of major events in Japan and Libya forced an unfortunate re-pricing of the issue.

    ?Signature remains inexpensive relative to its peers based on ounces in the ground, with the market valuing the company on EV/Resource ounce at just A$40/oz.?
    SBL Price at posting: 3.2¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 22  Upvote
    lightbulb Created with Sketch.  Great analysis
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