Good calls.
Company has had some bad press and left some scars last year- buy back, etc, but liking some of their moves of late and them hitting their timelines.
Snowlake Resource has real potential and fabulous that Co has it as a secondary funding resource. Down the track instead of hitting Instos/banks/holders, sale of some shares to fund exploration/build, will mean Co can self fund its progression to producer.
Three other big likes of late…
# Estelle Resource Upgrade
# Bonanza Grades RPM north
# Share consolidation… just 180 million shares on issue will mean less for shorters to grab, low SOI makes shares scarce and valuable if Co continues to hit its strategies.
Down the track, if Co can use its Snowlake shares to its advantage, then as this becomes a producer of note- and hopefully mid tier or above- then holding a tight SOI will mean valuable shares and potentially strong divis.
Where do holders see us in using Snowlake as a financier down the track?
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1 | 7633 | 18.0¢ |
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4 | 129650 | 0.170 |
1 | 3333 | 0.165 |
2 | 53125 | 0.160 |
3 | 134500 | 0.155 |
Price($) | Vol. | No. |
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0.190 | 93561 | 1 |
0.200 | 5000 | 1 |
0.210 | 34516 | 4 |
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