Stanmore Resources Limited (ASX:SMR) agreed to acquire 50% stake in Eagle Downs Metallurgical Coal Joint Venture Project from Aquila Coal Proprietary Limited for $35 million on April 5, 2024. The transaction is subject to Foreign Investment Review Board approval, Chinese regulatory approval and certain third-party consents and is expected to close 2H 2024. Mccullough Robertson Lawyers acted as legal advisor, Grant Samuel Group Limited acted as financial advisor to Stanmore Resources Limited.
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5-day change | 1st Jan Change | ||
3.26 AUD | +0.31% | -0.91% | -18.70% |
May. 08 | Pembroke Resources' Olive Downs Reportedly Stake Eyeing $1 Billion Valuation | CI |
Apr. 23 | Stanmore Resources Produces Almost Five Million Tonnes of Coal in Q1 | MT |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-18.70% | 1.96B | |
+33.83% | 107B | |
-5.15% | 39.31B | |
+24.55% | 34.56B | |
+16.04% | 33.02B | |
+25.61% | 21.41B | |
+21.27% | 19.84B | |
-1.78% | 8.92B | |
+8.81% | 8.43B | |
+10.76% | 6.96B |
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- Stanmore Resources Limited agreed to acquire 50% stake in Eagle Downs Metallurgical Coal Joint Venture Project from Aquila Coal Proprietary Limited for $35 million.