STA 0.00% 9.5¢ strandline resources limited

Morgans Research Report 2019, page-5

  1. 9,303 Posts.
    lightbulb Created with Sketch. 1119
    The float's too tight for these entities to be able to get any volume for their clients. Their valuations are on a diluted basis so I expect that they will be waiting for capital raises with new share issues, somewhere around current price, to get clients in and then drive up to make their money. So we're probably expressing similar views there.

    Last edited by seals: 21/05/19
 
watchlist Created with Sketch. Add STA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.