SWJ - Stonewall Resources

Discussion in 'Stocks & Derivatives' started by VRS, Aug 11, 2016.

  1. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,280
    Likes Received:
    70
    Trophy Points:
    48
    Location:
    Brisbane
  2. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Perth
    Scooped up a million @ 1.6c also. Have been waiting for RVR to come down/consol. but it's still taking off.
     
  3. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,048
    Likes Received:
    66
    Trophy Points:
    48
    Location:
    Victoria
    I'm in @ 1.6, now watch how it goes down 10% because it always happens after I buy for some reason.
     
  4. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Perth
    ^i know what you mean, here's hoping for the opposite though ;)
     
  5. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,048
    Likes Received:
    66
    Trophy Points:
    48
    Location:
    Victoria
    certainly not a lot on offer on the sell side, but the buy side has a 0.001 bid, is this to hold prices down or some other game?
     
  6. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,280
    Likes Received:
    70
    Trophy Points:
    48
    Location:
    Brisbane
    Trading halt:

    In accordance with ASX Listing Rule 17.1, the Directors of Stonewall provide the following information:
    1. The trading halt is requested pending the completion of capital raising discussions which the Company is currently engaged in.
    2. The Directors of Stonewall request a trading halt until an announcement is released, or the commencement of normal trading on Thursday 18 August 2016, whichever occurs earlier.
    3. The Directors of Stonewall expect the trading halt to be ended upon completion of capital raising discussions and the release of an announcement pursuant to these discussions.
    4. The Directors of Stonewall are not aware of any reason why the trading halt should not be granted.
    5. The Directors of Stonewall are not aware of any other information necessary to inform the market about the trading halt.
     
  7. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,048
    Likes Received:
    66
    Trophy Points:
    48
    Location:
    Victoria
    So basically, what are we to expect from this?
     
  8. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    4,008
    Likes Received:
    50
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    this TH any good?
     
  9. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,280
    Likes Received:
    70
    Trophy Points:
    48
    Location:
    Brisbane
    Cash settlement due in imminently - CR I think is a placement - sophs I expect, but TBC.
     
  10. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,280
    Likes Received:
    70
    Trophy Points:
    48
    Location:
    Brisbane
    They're not going to be strapped for cash LD - with this cash settlement due in imminently I suspect the CR will be a placement for sophis investors, not instos...
     
  11. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Perth
    Probably just covering there bases in case court action doesn't go their way... Raise while price is at a high. Not a lot on the sell side for an almost 2 billon share company, got knows where SP will go if settlement comes through.
     
  12. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,280
    Likes Received:
    70
    Trophy Points:
    48
    Location:
    Brisbane
    18 August 2016
    Australian Securities Exchange
    Level 5, 20 Bridge Street
    SYDNEY NSW 2000

    ASX ANNOUNCEMENT

    CAPITAL RAISING UPDATE
    The Directors of Stonewall Resources Ltd ('Stonewall' or 'Company') are pleased to announce that the Company has received firm commitments
    for the placement of 65,350,000 shares at $0.015 per share to raise a total of $1,040,000.
    The shares will be issued to sophisticated investorsunder the Company's 15% placement capacity in accordance with ASX Listing Rule 7.1.
    On receipt of the placement funds the Company will issue the placement shares and release the requisite Appendix 3B.
    The funds will be used for general corporate expenses and working capital and the company will continue to assess its cash position as it transitions towards production.
     
  13. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Perth
    Going to be a long weekend.... hopefully we get awarded something. Good luck holders.
     
  14. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,048
    Likes Received:
    66
    Trophy Points:
    48
    Location:
    Victoria
    Yeah hope so, but with a trading halt it doesn't allow us to speculate last minute, I've been wanting to get some more at 1.3c but no one was selling for that before the halt, when it's trading again I reckon it'll be too late to add more, it'll probably shoot to +2c first minute of open.

    But with a good cash injection it will be a pretty good stock to hold long term.
     
  15. southerncross

    southerncross Well-Known Member Silver Stacker

    Joined:
    Jul 26, 2012
    Messages:
    3,852
    Likes Received:
    402
    Trophy Points:
    83
    Location:
    All in your mind
    Been holding over a month now, hope good times are ahead.
     
  16. miniroo

    miniroo Well-Known Member Silver Stacker

    Joined:
    Jun 21, 2012
    Messages:
    1,048
    Likes Received:
    66
    Trophy Points:
    48
    Location:
    Victoria
    Shandong directed to pay Stonewall US$12.6M plus interest from 1 January 2015

    [​IMG]
     
  17. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Perth
    Awarded about 10% of what they were originally asking and Shandong to pay all costs, nothing to complain about thats for sure. Now that the litigation is over, the company can now put it behind them and progress. :)
     
  18. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

    Joined:
    Feb 25, 2010
    Messages:
    5,291
    Likes Received:
    4
    Trophy Points:
    38
    Location:
    Hunter Valley, NSW
    "sophisticated shareholders". I like that. Not for the plebs in other words.
     
  19. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,659
    Likes Received:
    797
    Trophy Points:
    113
    Location:
    Australia
    I'm now in at 1.5 cents
    It will go south immediately :D
     
  20. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Perth
    Even though they didn't receive full amount that they were trying to get, it was still a decent amount to add to the company. I'm surprised it didn't go higher yesterday, maybe because it is a relatively illiquid stock or people will react when the funds have actually landed in SWJ's account.
     

Share This Page