STTCOMP EMU, FA Long
EMU NL
Market Cap - $10.249m (Undiluted)
SOI - 102,491,054 (65,910,387 Fully paid - 36,580,667 Partly paid with $0.03 outstanding per share)
Cash - $2.308m (as at 30/09/17)
Gold explorer that holds over 2,800 hectares of mineral exploration concessions located in the highly mineralised Maricunga Gold Belt of the Atacama Region of Chile. The company recently announced that it would commence drilling in January rather than as scheduled in December hence a small window buying opportunity right now. For further details see my post here: https://hotcopper.com.au/posts/27220035/single
Also a further 300k unlisted options at $0.10 (exp 20/12/18) and another 2m unlisted options at $0.11 (exp 20/12/18, 1.5m subject to vesting conditions) have also been issued. Please also note that there is a risk that the company may seek to raise capital during the next two months running into the drilling campaign as per Resolution 4 at the AGM: http://www.asx.com.au/asxpdf/20171010/pdf/43n3s1vb1c69bg.pdf
This will shortly resume the trading range established earlier this year and in current market conditions should test the high of $0.245 also created earlier this year. Disclosure is that I am holding.
