Well it did close on the all time high .. overall a very bullish days trading.
I have mentioned this a few times now, but we have a very different company now as apposed to last month!
Significant landmark changes:
1] Lorry Hughes as new Managing Director 2] Terry Grammer as new Chairman 3] Canadian Insto, Sprott Asset Management, now on board 4] Additional fertiliser project added. 4] Trading pattern has changed
New management, better registry, new direction.
Something that stands out is that STB is trading totally differently to what it was a month ago. We are slowly losing the weak traders, holders are growing in confidence that it is a goer, and the large overhang has all but disappeared!
It is still way underpriced IMO. They now have over $2 mill cash, and $2 mill in a varied share portfolio. With some "hot" projects in potash & phosphate, their MC of just $15 mill is a giveaway!
Big things coming the way of STB ... this will be a multi-bagger from here over the next 12 months. I have a minimum $1.00 target by end of year.
Cheers
STB Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held