Looks like a genuine breakout underway...
If so, it could go a long, long way in my opinion.
Might be Excalibur related...but then again, the market may have suddenly woken up to something previously missed.
Looking at STT's share sales of NMC this finacial year, it appears they have off-loaded some 176m NMC shares around the 5.5c mark...this equates to some $9.6m that should be sitting in their bank account.
I may be reading this incorrectly, but it would appear to me that STT are currently sitting on about 3.6c cash per share?
They are currently trading at just 2.3c, which is a 1.3c discount to cash at hand...and apply's no value at all the rest of the company or their assets.
What the?
LOL...pretty safe buying at these levels.
Cheers!
STT
strata mining corporation limited
free money...might be worth a watch...
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