Short Term Trading Week Starting: 15 Jan, page-23

STTCOMP WCN FA LONG
$19.15 million market cap
$1m+ cash, c.$3m listed investments and c. $13m in proceeds to be received from ITM options (c. $5m from options expiring Jan 2024 & February 2024)

New MD in August 2023 has seen an overhaul of the Company's existing portfolio, introducing two significant acquisitions:
1. High grade, large scale copper project announced 8 November 2023
2. Significant IOCG-U land package announced today.

A further acquisition is in the works and apparently is more exciting than these two.

From this podcast released today https://t.co/bDLZFJFd8P

Roughly. 3 minutes 15 seconds from the end "there's one more to come, umm one more we've been working on, probably the biggest one, the most exciting one funnily enough and therefore probably one of the more complicated from a documentation perspective but certainly got scale and we'll then set about working on all three of these projects throughout 2024. Umm there's a lot of potential here for discovery Stuart. These are one of the better portfolio's i've ever had".

I don't have a short term price target at this point other than being quite confident of a significant re-rate that I think has properly started today.

First time entrant into the STT comp but this is a gooden I feel.