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Stellar Resources - is all that glisters gold?

By Doc Holiday | Friday 30 January 2015


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.


Stellar Resources (STG) has been yet another company connected to serial entrepreneur David Lenigas which has been a disaster for its long-term shareholders. Sure, insiders and the odd lucky trading punter have made cash on this stock, but for the overwhelming majority of Stellar’s small army of shareholders this has been a shockingly poor investment. 


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