Entry for STT
BMY
Did a $500k placement to Tech (major player) at 2c last July
Got sold down over Xmas quiet period
Volume and price kicking up last few sessions
$3.5M free carried drilling. Drilling a hugely prospective Zinc deposit early Feb, looks like smart money getting set early at 50% of what Tech paid for their look in
Sell down was through gaps and on marginal volume, so don't expect much resistance - the lack of selling above 1c says it all
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- Short Term Trading Week Starting - 19th Jan
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