STTCOMP AOU, FA Long
SP = $0.19
MC = $16.5m
Cash & Receivables = $6.9m
EV = $9.7m
Fully Diluted EV = $10m
Cobalt explorer (among other things) which just completed its 4-hole drill program. Expecting assays from the first 2 drills (which produced visible cobaltite) in "early December". Historic grades up to 0.69% and cobalt spot price now hitting all time highs at ~US$64k/t.
AOU also has 75% of a copper-zinc project in Portugal and a 100% interest in a lithium project in Namibia "situated next door to two of Namibia’s high-grade historic lithium producing mines, Rubikon and Helikon."
Has been sold down to old support the past couple of days, I think this is due to the failure to drill one of the holes (they hit a void part way through and stopped at 79m, still found some cobaltitie though). Another possible reason for the sell down is that there was no mention of visible cobaltite in the final hole. They didn't say there wasn't any cobalt, they just didn't mention visible cobaltitie like the others. The sulphides which often include cobaltite were there though, so really need to wait for assays. Would TA tip it too but still have an active tip in from when it last bounced off the trendline suport:
