SBS 0.00% 2.9¢ sub-sahara resources nl

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  1. 864 Posts.
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    AVM does have 25 million options that it can exercise. It just needs the sp to hit 15c to make it worthwhile. Given the current resource estimate and the recent grades reported, this stock could well go to this level in the next couple of months IMO - although up until today the charts have not been looking too good. It will be interesting to see if today's breakout is sustained.

    Another 25m shares would give AVM approximately 23-24%. A reasonable holding. The other large holder of this company is ANZ (18%). Both respectable companies.

    Time will tell with this one, but it certainly has a lot more promise than a lot of equities that have had ridiculous sp increases over last couple of weeks without anything nearing the underlying assets this company has.

    General fundamentals include: Market cap currently 38m. Cash at June was 5m, Inv in Sunridge currently valued at approx 15.5m. With some cash burn net assets would make up about 60% of market cap. Not much upside in reserve and resource estimates and potential upgrades to this.
 
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