STTCOMP 4CE, TA Long
SOI: 268.6M (Including recent tight raise)
MC: $5.3M
Assets: $2.3M
EV: $3M
They mentioned they might sell off some exploration assets or go JV (Adrah or Halls Peak) so if that occurs it will be trading at near shell value.
@TheGladiator beat me to the FA tip...but the TA looks excellent too, knowing Glad's skills he probably knew that too and timed his FA tip to match after todays buying.
No more downward pressure, has gone through consolidation phase and recently has found some very nice buying last few weeks at its lows. All bars closing on its highs.
First weak level of resistance is 2.4c, once 2.1 goes I expect it to move anywhere between 2.4->3cents.
Real resistance is at 3cents will be the level to watch.
On the daily had some very nice buying today, highest volume since March.
Cheers
