STTCOMP EYM, FA Long
SP = $0.02
SOI = ~905m
MC = ~$18m
Cash = ~$3.5m
EV = ~$14.5m
I short tipped this one less than 2 weeks ago, my main reason being that a tonne of new shares were coming online. That tip got over the line and we've had ~278m shares issued now, which have been mercilessly dumped today. We've churned through more than half that now. I think we could have some more pain to come but tipping now while sentiment (and SP) are likely near a low. The announcement today regarding the nugget find was good, it doesn't warrant a crazy re-rate but they've only just acquired the ground so it's nice to be able to wander out and immediately find some nuggets to keep the hype train going. Still a hot sector and still a pretty low EV for this stock.
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