XAO 1.76% 8,320.4 all ordinaries

BMT - thought I’d gauge some of you ST’s thoughts on this one....

  1. 1,894 Posts.
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    BMT - thought I’d gauge some of you ST’s thoughts on this one.

    Sitting back near lows at 16c after a very nice run towards the tail end of last year hitting a high of 47c.

    Cannacord supported raise preceded the run at 23.5c. Now sitting at 16c with plenty of drill targets over 4x historic producing cobalt tennanments (only 1 drilled so far) with the other 3 leading into drilling over the next month(s)

    9m MC, 4.4M cash, EV 4.5M very cheap when compared to peers. No sovereign risk, very little risk of CR with cash in hand leads me to believe potentially good time to begin accumulating this stock. Already have dipped my toes and will look to increase pending macro market conditions.

    Open to all view points but seriously think that another run is not out of the question ST.
 
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