It does look a good deal Hottin and it looks like the new investor is cashed up having done a deal with Towerbrook for the sale of Metallum Group (Assuming i have followed the hints dropped by Stellar correctly though why it cannot just come out and say X has bought in rather than all the cloak and dagger stuff is beyond me).
Stellar did the placement at a premium to the current share price which is a good sign and the options show confidence the share price will be lot higher further (maybe a bit too generous though at 8c maybe 10 12c would have been more in order).
I think Stellar could have gotten a even better deal if it had held out for a couple of months more but i suppose things cannot be held up indefinitely.
The plan seems to keep digging and finding more tin as the tin price goes up then doing a big deal later on which is welcome with the boards past habit of rushing to fast to sell the company silver.
The more time passes the better Stellar looks.
http://www.miningbusiness.net/content/stellar-gains-tin-industry-backer-heemskirk-project
http://www.miningweekly.com/article/stellar-gets-new-major-investor-2014-01-17
http://www.4-traders.com/STELLAR-RESOURCES-LTD-10354055/news/Stellar-Resources-Ltd--17-January-2014--Stellar-Resources-Limited-Welcomes-Major-New-Investor-wit-17819932/
http://stellarresources.com.au/wp-content/uploads/2014/01/130111SRL.pdf
http://www.metallumgroup.com/en/metallum-group/history.html
http://www.metallumgroup.com/en/generische-navigation/news/items/towerbrook-announces-significant-investment-in-metallum-holding-130.html
http://towerbrook.com/about-us/
http://towerbrook.com/portfolio/metallum-group/
In 1958, a generation change took place. Thanks to Jakob Dietiker junior's new ideas and an industry-friendly company policy it was possible to expand the business and increase sales.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20478558
http://www.metallumgroup.com/en/generische-navigation/news/items/di-group-has-become-metallum-group.html
http://www.efinancialnews.com/story/2013-07-08/towerbrook-private-equity-metallum-groupe-alpha?ea9c8a2de0ee111045601ab04d673622
http://www.vcpost.com/articles/11739/20130722/towerbrook-capital-acquires-metallum-eur295-million-debt.htm
http://www.metallumgroup.com/en/generische-navigation/news/items/towerbrook-announces-significant-investment-in-metallum-holding-130.html
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1.6¢ |
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Mkt cap ! $33.27M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.5¢ | $5.073K | 313.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2730365 | 1.5¢ |
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Price($) | Vol. | No. |
---|---|---|
1.6¢ | 524827 | 1 |
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No. | Vol. | Price($) |
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5 | 2720365 | 0.015 |
4 | 2900474 | 0.014 |
3 | 375000 | 0.013 |
4 | 420166 | 0.012 |
2 | 431818 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 524827 | 1 |
0.017 | 872586 | 1 |
0.019 | 1623374 | 3 |
0.020 | 2312029 | 3 |
0.023 | 250000 | 1 |
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