UK 17:53 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
West Africa-focused AIM dog Stellar Diamonds (STEL) has coaxed a potential investment of £2.6 million from Heidelberg-based investment outfit Deutsche Balaton to fund applying for a mining licence at its Tongo gem prospect in Sierra Leone and to resume trial mining at the Baoule pipe in Guinea’s Aredor diamond field. The company, whose shares at 0.3p have lost 98% of their value since floating on AIM at 20p eight years ago, is also proposing a one for fifty share consolidation, as it prepares to give board representation to Deutsche Balaton, which is itself quoted on the secondary market in Frankfurt and whose stake in Stellar could reach 37.5% with the blessing of the Takeover Panel if shareholders agree to the deal.
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Comments
Dick
I hope the Germans have better luck here than they did with Globo.
wildrides
Prepare to be taken out by delisting