Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Santana Minerals Ltd. ( (AU:SMI) ) has provided an announcement.
Santana Minerals has received waivers from key ASX Listing Rules to proceed with its latest share purchase plan without seeking shareholder approval, despite having conducted a similar plan in September 2025. The current offer, open to eligible shareholders in Australia and New Zealand and targeting up to A$30 million, allows participation of directors and up to 211,643,092 new shares, provided strict pricing and issuance limits are met to avoid diluting placement capacity.
The most recent analyst rating on (AU:SMI) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Santana Minerals Ltd is a dual-listed company on the ASX and NZX focused on mineral exploration and development, providing investors exposure to resource sector opportunities in Australia and New Zealand. The company has a broad shareholder base, including a significant proportion of New Zealand investors who participate in its equity capital initiatives.
Average Trading Volume: 1,383,515
Technical Sentiment Signal: Buy
Current Market Cap: A$736.3M
Learn more about SMI stock on TipRanks’ Stock Analysis page.