The IPO presentation next week is a great opportunity for Sarco to gain investment exposure. As mentioned in a previous annoucement, there is demand from financial institutions for exposure to pure aluminium plays. If the new jorc statement is ready (must be close) I believe management will diffenately be keen to deliver it before their presention to create interest. It would also give the presentation alot more credibility having a finalised Jorc for all areas surveyed and drilled.
There has been talk about whether the current stock price has already factored in the upcoming resource upgrade. I personally find this hard to believe considering we currently have a market cap of $47 mill, this barely factors in our already known jorc and basically places no value on Ords other projects.
July should be a great month.
VAN Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held