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 | ||
3.25 AUD | +2.20% | +0.31% | -18.95% |
Apr. 23 | Stanmore Resources Produces Almost Five Million Tonnes of Coal in Q1 | MT |
Apr. 23 | Transcript : Stanmore Resources Limited, Q1 2024 Earnings Call, Apr 23, 2024 |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
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-18.95% | 1.86B | |
+21.87% | 105B | |
-4.77% | 38.94B | |
+20.72% | 33.54B | |
+17.42% | 32.85B | |
+13.75% | 20.55B | |
+8.59% | 19.01B | |
-3.51% | 8.73B | |
+6.28% | 8.23B | |
+15.69% | 7.16B |
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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.