Announcement 15/11/24 see attached:
The Share Purchase Plan provides Eligible Shareholders with the opportunity to purchase New Shares at an Issue Price of $0.38 per New Share. The Issue Price is the same price at which the Placement Shares were issued under the Placement and represents a:
• 17.4% discount to the closing price of fully paid ordinary shares in St Barbara (Shares) on 31 October 2024 (being the last trading day prior to the announcement of the Placement and the SPP) of $0.46; and
• 18.0% discount to the 5-day volume weighted average price of Shares traded during the 5 ASX trading days up to and including 31 October 2024 of $0.463. You may apply for a parcel of New Shares in increments of $1,000 up to a maximum value of $30,000.
Announcement 09/12/24 see attached:
St Barbara Limited confirms that the Share Purchase Plan announced on 5 November 2024 has been completed, raising approximately A$500,000. A total of approximately 1.35 million New Shares at a price of A$0.38 per New Share are expected to be issued on 10 December 2024, and to commence trading on 11 December 2024. New Shares issued under the SPP will rank equally with St Barbara’s existing shares.
Chart update: 5 minute Daily
Holding and did not participate in Share Purchase Plan
Sovereign risk appears once again as an overseas government tries to extract more taxes from a ASX listed miner. I this case PNG is trying to gouge SBM for more money.
SBM down 34% on the news. SBM mgt will vigorously defend against the claim.
Announcement today (30/01/25) see attached:
Warden Court hearing dates for the renewal of the Simberi Mining Lease (Simberi ML) have been set for 8 and 9 April 2025 on
Simberi Island.