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9.5¢ strandline resources limited

Agree, downside risk is minimal at these levels. But could...

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getmurt

258 Posts.

163

28/06/23

11:43

Post #: 68509830
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Originally posted by robbo2023: ↑

I held STA for a few years and sold out at 40 - 45 cents based on the fact that the market cap was about $600m and I felt the full cap could reach about $1bn unless Tanzania assets came to production. So the upside was limited, but brought back in this week based on the market cap falling back to $350m. The downside has to be minimal unless there is material issues not being reported.

Reading between the lines, the WMT plant is operating at throughput expected but regularly breaking down. This would be on the low end of concerns. Happy to top up further at these levels.

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Agree, downside risk is minimal at these levels. But could easily double from here in the next 6 to 12 months.

STA Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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