STM 10.0% 0.9¢ sunstone metals ltd

Ridiculous over reaction in price, world markets dropped 15% in...

  1. 392 Posts.
    Ridiculous over reaction in price, world markets dropped 15% in a couple weeks and at the same time av comes out of a trading halt saying we've run out of cash and the underwriter pulled out (surprise).. But seriously who is selling their shares for 9c, are you kidding me.
    The million$ investment today proves the project will be a go'er, nobody invests a million$ if there is a structural flaw in the mining operation.
    The plan is obviously to raise emergency cash at whatever price to keep operations ticking along and wait for the SP to appreciate to a more reasonable level and then raise the larger amount to see the project through to development stage.

    Over the last couple months the SP has dropped more then a spec oil company that drills a duster, its ridiculous and represents nothing more then a series of very untimely events. Mr. Brooks has picked himself up a serious bargain.
    Coppers back at $4.2/lb already and world markets are only a few% of their lows, AVI has tripled in price in a few weeks before and it will do it again.

 
watchlist Created with Sketch. Add STM (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $34.54M
Open High Low Value Volume
1.0¢ 1.0¢ 0.9¢ $36.15K 3.853M

Buyers (Bids)

No. Vol. Price($)
3 5860184 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 320000 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
STM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.