Consumer
finnCap Research Company Notes – 22 July 2019
Tri-Star Resources (TSTR) : Corp
First antimony metal produced
Key data
- Share price (p) 43.0
- Target price (p) 68.0
- Market cap (£m) 40.5
- Enterprise value (£m) 44.3
Tri-Star Resources has announced that the SPMP antimony plant in Oman has produced its first antimony metal. It is not yet at the required purity for commercial sale but this is expected to improve as production increases. Tri-Star’s principal asset is its 40% shareholding in SPMP; this in turn owns the antimony and gold production facility in northern Oman. We maintain our 68.0p price target.
Martin Potts 020 7220 0544 mpotts@finncap.com
Tristel (TSTL) : Corp
FY trading update and Italian acquisition
Key data
- Share price (p) 300.0
- Target price (p) 325.0
- Market cap (£m) 131.1
- Enterprise value (£m) 126.9