Sarama Resources Ltd V.SWA

halt

[ASHRAM]

halted pending news.

[RockLobster1]

Listing on ASX coming in April... and they are raising 6-8 million at 0.21 AUD, no warrants...

[Tree2tree]

The ASX listing and the funds for more drilling are good news.  But the raise is at 19 cents CAN, so there may be a short-term effect on the share price.

[ASHRAM]

where you get the news of raise money at 19  cents.discount of 9 cents from last traded 28 cents is too much.if management did that they are not good managers.

[Tree2tree]

Ashram, did you try to read the news release before asking that question?  It's .21 Australian, which I guess is closer to .195 Canadian.  Do please correct me if I got it wrong.  Unfortunately it's normal for small-cap companies to be forced to issue shares at a discount to the current share price, especially when they have not been generating a lot of momentum lately. 

[ASHRAM]

you are 100% right my falt did not read news.thanks for reply.monday it will open 19 cents.

[Malpeque2]

I have owned this name on and off.    The SP is a joke relative to the assets and land position. Selling more shares at less than a joke price of $19C can or .20C can is a shame.   They should just sell the assets to the highest bidder and stop pretending to be a gold explorer.

[ASHRAM]

why stock is still halted news is out any one knows.

[yoshka2000]

Are we waiting  on core samples from, BF or else where? Perhaps they hit a mother load eh?

[ASHRAM]

why halted for that long some thing is going on. i look at other company halted that long news was not that good.i own some but not feel good.

[lumpy13]

According to the company:  Sarama is halted at the company’s request to facilitate the ASX dual listing process, having a stock trade on one exchange while you are trying to price and build a book on another is complicated. We anticipate the halt ending this Friday.  

[ASHRAM]

thanks for halt news.it will open lower 19 cents when open.i will hold for long term (two years) just gamble if they find mother load of gold.

[RockLobster1]

Traded pretty well on day one... Looks like the 21 Aussie was a good deal for those who got in....

[ASHRAM]

hope was that it will open 19 cents but good so far but volume was low now only need good drill results.