STTCOMP EYM, FA Long
Cash; $3m+
MC: 4.2m
EV: Less than $1m
Recent Company Share & Board Restructure – 2 new NED’s
Current resources- Gold and Copper
Exploration to commence next month.
Catalysts:
*Seeking new projects/aquisition
*Plenty of cash. Will not need a CR post aquisition.
*Recent security consolidation
*SP was ranging between 0.2 to 0.3c (5-7c post-consol. equavalant) before the announcement about consolidation. I am not looking forward to see 7c. But considering the pre-consol trading range EYM should be trading above 2.5c without an aquisition.
* High volumes recently. That should have helped absorb all those SPP shares. Pull back to 1.1c-1.2c presents opportunity.
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