DIO 0.00% $1.27 dioro exploration nl

a waste of space

  1. 3,469 Posts.

    No miracle for St Barb

    SAINT Barbara Mines' corporate play with Dioro Exploration appears to have come to an end, but without any big capital gains for shareholders.

    Over the past 18 months the Stephen Miller-led St Barbara has been building up an 12.3 per cent stake and become the biggest shareholder in Dioro, which is a partner in the Frog's Leg project near Kalgoorlie.

    There was every expectation the stake could lead to some sort of corporate play by Miller.

    But this week St Barbara dumped its entire holding at 11.25¢, realising about $4.9 million, roughly in line with its buy-in price.

    The cash will be added to the $1 million raised this week in a placement by the Meekatharra miner.
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