STM 0.00% 1.0¢ sunstone metals ltd

Ann: Bramaderos Drilling Update, page-75

  1. 681 Posts.
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    those STMO oppies are now offering excellent risk/reward IMO for those confident of some good results. for 0.5c you're getting 3 full months of long exposure which is a pretty good punt considering they will be releasing several updates regarding drill results. A move back up to the previous highs and the oppies will be worth over 1.5c (3X current market), while the next target of 5.5c which were the highs back in Aug 2016 will see the oppies worth at least 2.5c (5x).

    Risk is the company doesn't deliver and you lose the lot...still, if the Co doesn't deliver, the stock will likely head back to the 2c lows anyway, in which case you're still better off taking the half cent hit and re-assessing whether you want to get set again.

    STM presenting at the Resources Rising Stars next week so could be an outlet for them to shed some light on drill results and progress.

    bought some oppies yesterday and will try get set again today.
 
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