STTCOMP VAR FA LONG
Company - Variscan Mines
Cash - $1.36 million @ 31 March 2021
Market cap - $12.141 million
Shares on Issue - 212 million
Top 20 shareholders - 66.2%
Sector - Zinc
Catalyst: Drilling at (previously producing) San Jose-Novales Mine in Spain
Drilling results on 25th May resulted in a large price spike.
This report also states -
results for 20 more holes are expected shortly,
the 'majority of holes exhibit positive visual zinc mineralisation'.
Most stale holders have now been flushed out.
Price is now falling slowly on reduced volume, I expect next news release to cause another large price move.
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Short Term Trading Week Starting: 31 May, page-38
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