Hi guys. Not sure if i have posted on STL but i am here lurking around.
Agree with your post. It appears they are taking the loss now and keeping the options for when the confidence builds a bit later.
As they appear to keep loading the 2.6 line we will have to wait until they have finished before moving anywhere. Unfortunately i hope we have patient holders while this goes on or they could get sick of it a drag the SP a pip or 2 lower.
No buying pressure as there was probably a few who lost some confidence in the way the CR was managed at the end to0. Though it appears to me they did all they could possibly do without raising cash but in the end had to give into it. Good sign for the future IMO. Very hesitant to do a CR hopefully is a good sign for the future. Less dilution is always appreciated by holders and maybe a lesson or two learnt by Management there as well.
STL Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
