Short Term Trading Week Starting: 15 May, page-60

STTCOMP PZC, FA LONG

Mkt Cap $2m
Cash $750k
Potential asset sale $8m = 1.6c a share


Has been smashed lower over the past few weeks by a single large seller watning out, Friday and todays volume may see them cleared out, waiting for the ceasing to be a substantial holder notice to confirm

Fridays volume may also count as a Volume Signal Alert VSA that some of us look for

Recent deal to sell its coal assets for $9.25m pre costs and debt clearance but $6M net of costs and debt clearance = $8m AUD = 1.6c a share

Its an HOA for now and we all know how weak these are and is also subject to plenty of conditions but in the event the pull that sale off should see stock 4-5 bag as it moves above cash backing of 1.6c

NOT WITHOUT ITS RISKS but priced already for failure so