Windward Resources.
MC: $9mil
Cash: $7.795mil (as at 30 June 2015)
Ev: $1.2mil
SP: 7.5c
Shares on issue: 108mil
WIN is Perth based explorer, with focus solely on the Fraser Range in Western Australia. The sentiment in WIN has been very low the past few months due to a long period of silence following the last few drill targets turning up nothing exciting, after many were expecting something big with the WMA1 hype.
WIN is cash backed at approximately 7.2c. Sentiment is too low IMO and I don't think SP reaching 15-20c mark is a long stretch as news begins to flow again.
After the long patch of silence and little activity, WIN has announced that drills will start turning again in the coming months. It has just announced drilling of Buningonia North to be commencing later this week. This RC drilling is co-funded by the West Australian Govt.
There will be a reasonable amount of activity in the coming months for WIN, which should hopefully bring with it some solid news flow.
