STTCOMP EYM, FA Long
SP = $0.02
SOI = ~905m
MC = ~$18m
Cash = ~$3.5m
EV = ~$14.5m
I short tipped this one less than 2 weeks ago, my main reason being that a tonne of new shares were coming online. That tip got over the line and we've had ~278m shares issued now, which have been mercilessly dumped today. We've churned through more than half that now. I think we could have some more pain to come but tipping now while sentiment (and SP) are likely near a low. The announcement today regarding the nugget find was good, it doesn't warrant a crazy re-rate but they've only just acquired the ground so it's nice to be able to wander out and immediately find some nuggets to keep the hype train going. Still a hot sector and still a pretty low EV for this stock.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 20 November
STTCOMP EYM, FA Long SP = $0.02 SOI = ~905m MC = ~$18m Cash =...
-
- There are more pages in this discussion • 205 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online