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Strickland Metals Ltd ( (AU:STK) ) just unveiled an announcement.
Strickland Metals Limited has announced a capital return initiative involving the transfer of 1.2 billion Gateway Convertible Preference Shares to its shareholders. This move, facilitated through an in-specie distribution, is intended to enable secondary trading of these shares and is part of a broader strategy outlined in a transaction-specific prospectus. The directors of Strickland Metals consider this investment to be speculative, and the prospectus highlights various risk factors and implications for shareholders, including tax considerations and the non-quotation of in-specie shares on the ASX.
The most recent analyst rating on (AU:STK) stock is a Buy with a A$0.36 price target. To see the full list of analyst forecasts on Strickland Metals Ltd stock, see the AU:STK Stock Forecast page.
More about Strickland Metals Ltd
Average Trading Volume: 3,444,260
Technical Sentiment Signal: Buy
Current Market Cap: A$328M
For detailed information about STK stock, go to TipRanks’ Stock Analysis page.