Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James & Team, can you give us an update on Strandline Resources (STA). Since the completion of the capital raise at 20.5c the stock has ranged between 19.5 - 20c. Prior to the equity raising the stock reached a high of 31c. regards Debbie.
Hi Debbie,
It was large capital raise which has satisfied the demand from institutional investors hence a lack of interest on market. We still like this Mineral Sands play around 20c . After a capital raise, analysts that were involved in the raise are restricted from publishing research. As a result, there hasn’t been anything published on the stock since the raise. That finishes on the 3rd May I believe and i’ll include some updated research on STA after that time.
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