STTCOMP AR1, FA LONG
Market cap 3.3m cash 1m approx. This is a resource shell IMO... worth a punt IMO
Two reasons for the tip, from the quarterly again:
1. PROJECT GENERATION
The Company and its consultants have continued to review potential project investments during the quarter. Assessments have included gold, base metals and lithium opportunities in the resources sector and several technology and agribusiness investments. However, at this point the Board has not identified any projects that meet its criteria and has not committed to any transactions.
2. EXPLORATION
During the quarter the Company continued discussions with a series of litigation funding groups, several of whom are undertaking due diligence. Arrowhead is seeking financial support to pursue its legal claims for compensation against the Government of Egypt for expropriation, or measures tantamount to expropriation, of its interests in the large scale Abu Dabbab Tantalum-Tin-Feldspar Project, on which it has spent in excess of US$30 million up to early 2015.
This is backed by JP. again thanks to @riggers44
Cheers
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