STT strata mining corporation limited

STT will hold about A$17m worth of the new combined entity...

  1. whiteyg
    3,047 Posts.
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    11/01/03
    10:07
    Post #: 104885
    STT will hold about A$17m worth of the new combined entity Defiance Mining, when their SBM shares are swapped...and their Midas PLC shares will be swapped for approx $9m...so all up if Defiance trades up to expectations STT will hold about 26m worth of shares.
    So STT may well prove to be undervalued right now...esp if gold closes over $355 an oz any time soon.
    just my opinion. cheers.
    STT Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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