In light of the recent acquisition i'm speculating there is now a good chance that St Barbara may look to offload its stake in Peel. Especially if it were to be approached with an offer. The Peel stake is hardly a strategic play. They are obviously not looking to diversify into base metals. This latest buy proves they want to stick to their knitting. Being gold mining. North America will probably become the focus of their attention for some time to come.
IMO If they were to offload their Peel shares i feel it would be of more benefit to us than disadvantage. It would most likely attract someone who is seriously interested in acquiring the company.
St Barbara article
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.63M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $14.14K | 113.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7553 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 29999 | 2 |
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| Last trade - 14.10pm 17/10/2024 (20 minute delay) ? |
| PEX (ASX) Chart |