XAO 0.35% 8,039.9 all ordinaries

S2R - low EV play backed by Creasy, who owns 29.5%. market cap...

  1. 459 Posts.
    lightbulb Created with Sketch. 203
    S2R - low EV play backed by Creasy, who owns 29.5%.

    market cap 28.5m
    cash 15m
    investments 7.3m (4m WGX shares, 1m GTT shares)
    EV 5.2m
    t20 63.5%
    soi 247.9m

    S2R is involved in some contested applications in the Fraser Range right next to GAL. S2R is managed by the prev Sirius team who discovered the Novo operation in the FR (acquired by IGO). It seems that Mark Creasy’s recent Silver Knight discovery has given him a hunger to bring the Fraser Range back to life.

    Weekly chart looks good coming off it's lows. Broker data is also fantastic with Pattos, Euroz, Ords, and Argo all as buyers.


    S2R GP.PNG

    S2R BD.PNG
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.