Tri-Star sinks as it moves to de-list

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Tri-Star sinks as it moves to de-list

The share price of AIM-listed miner Tri-Star Resources (LON:TSTR) has plunged 74.33% to 7.70p (as of 14:30 GMT) after posting results and announcing its intention to de-list. The board came to the decision to de-list after the company’s holding in its principal assets was diluted and with the view that the costs were not appropriate for a company of their size and trading volume.

The company booked no revenues for the half year ended 30th June but recorded a pre-tax profit of £1.3 million due to asset valuation shifts.

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