STTCOMP VIC FA LONG
MC $10.5m @ SP of $0.012 (as per last 3B), excluding options
Cash $657k (as per last quarterly) + $320k (placement, dated 17.11.17) + $1.962m (placement dated 30.11.17) = $2.94m - expenses till now from last quarterly
EV $8m approx.
Now, as per announcement dated 5.12.17,
>> "company has appointed a geology consultancy to expedite reviewing the four highly prospective primarily cobalt and scandium project areas (owned by Cobalt Prospecting) as part of its expanded acquisition due diligence."
>> "The next phase for the geology team is getting a team to site to ramp up the field work and follow up analysis."
Cobalt is hot right now, price of cobalt going through roof...
Also, company is trying (IMO) to throw good announcements to support SP, & we have double bottom @ $0.012 from TA view point.
Announcements expected are:
1. some assay results or visual results or photos from field work going at present.
2. successful completion of due diligence & acquisition of above project
Considering nearology to AUZ & CLQ, good announcements should offer good bounce in SP, IMO.
Company has few other active projects (which may be sold off if above acquisition goes ahead). So may surprise with good announcements from there as well..
