St Barbara May Issue Fewer Shares in Simberi Sulphides Funding Drive -- Market Talk

Dow Jones10-24

0024 GMT - Macquarie now believes St Barbara will issue fewer shares when raising capital for its Simberi Sulphides project in Papua New Guinea. The bank had assumed that St Barbara would raise A$100 million of equity by issuing shares at A$0.18 each. Its new forecast is to raise that sum through an equity issue at A$0.38/share. That contributes to Macquarie's price target on St Barbara rising 48% to A$0.49/share. Still, the bank downgrades St Barbara to neutral from outperform. St Barbara is down 3.2% at A$0.45. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 23, 2024 20:24 ET (00:24 GMT)

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The bank had assumed that St Barbara would raise A$100 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7506","symbol_name":"金矿股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477137385","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477137385","pubTimestamp":1729729440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0024 GMT - Macquarie now believes St Barbara will issue fewer shares when raising capital for its Simberi Sulphides project in Papua New Guinea. 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