STTCOMP ADN, FA LONG
Market cap 7.5m approx. with cash 2m after all cap raise
Gold copper explorer who recently entered in to Pilbra
Short and sweet:
1. Decent land acquisition in Pilbara. Stock ran to 1.9c and has found a base around 1c.
2. 750km2 plus land package in Pilbara. Pilbara stocks are running hard again which makes ADN's market cap look seriously low.
3. Plenty of funds allow the company to recommence exploration program
4. JV worth $5m for other lease
Small market cap in this space has become rare. Hence potential to do well but very early stage.
As always buy sell or hold based on individual risk appetite.
