The transaction is subject to shareholder approval and the EGM has to be held before 30 June 2024. The transaction will then be completed on 1 July 2024. The 379 million shares, naturally, won't be issued until the deal is approved, and, they will not be on market and in escrow for a further 18 months.
So, nothing's changed until then and we will be concentrating exclusively on the current drilling in the Yilgarn District, some of which commenced yesterday. Huge few weeks ahead from those results.
People should be buying on the basis of the next set of drilling results. It will be quite a while before anything will be happening for STK shareholders in Siberia.
Intersting note, the company being bought has a high grade management team and 22 staff on the ground. STK would inherit that cost also. It's going to be a very interesting 12 months when the deal is completed.
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11.0¢ |
Change
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Mkt cap ! $196.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 91339 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.0¢ | 36000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 91339 | 0.115 |
10 | 1194596 | 0.110 |
8 | 678664 | 0.105 |
9 | 1418660 | 0.100 |
2 | 70202 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 36000 | 1 |
0.120 | 1280814 | 8 |
0.125 | 224581 | 7 |
0.130 | 725000 | 3 |
0.135 | 639711 | 6 |
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