short term trading - week starting 25 feb, page-114

  1. 1,604 Posts.
    Hey free, Im not sure if you got my stt from last night if you didnt here it is.

    Cheers bonkers

    STT:Entry FA,TA
    GSZ Lithium austria european union.

    This little one needs some exposure such a great story and very good for those that pick up at these levels very good value.

    MC fully dilluted of 9.8 Million with very tight register and only 230 000 on the sell side very little low laying fruit and sellers non existant at this stage/level.

    Fully funded through its major cornerstone investors including CFE excercising options at alot more than todays price of 6.2 cents.

    Fully funded for atleast 6-8 months and fully supported from cornerstone iverstors.

    First inferred lithium resource in the european union and looking to be the first producer.

    Inferred lithium resource of 18million tonnes soon to be defined into indicated category. This is a very large resource as far as lithium goes and at good grades. Im not going to assume the price of this but lets just agree its alot at current prices $7000-$9000 with BFS concluding soon. The company has a opex figure of $3400 per tonne to produce so you do the maths.

    Mining license granted last week.

    Full secuirty of tennements within weeks as soon as bulk samples are taken then the austrian goverment will transferr the land.

    Bulk samples and further drilling to produce a indicated resource any week now.

    Lithium is a very high demand resource and is in very tight supply.

    A very good appointment last week with Mr David Shaw a very big show of confidence for near term development plans. This guy is on the board of the biggest lithium company tailson.

    Chariman is a tony sage which holds a good repuation for success.

    All in all very very good price at the moment and looking excellent from a FA and a TA prospective at the moment.



    Regards bonkers.


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.