STTCOMP VEC, TA Long
MC: $14.5M
Cash: $1.2M
EV: $13.3M
Quick FA background:
Gold speccy, 420K Ounce JORC. Trading relatively cheap for current JORC, large upside potential with most tenements unexplored and acquisition with Jason Brewer + Andrew Steers (founding team in worlds largest producing goldmine in East Coast DRC - like VEC).
Management are looking to upgrade JORC to 1M ounce after exploration of tenements complete and also acquire a potential 3M ounce via acquisition.
TA:
Gold holding support so far with a small green up bar...see if it can make a spread higher. Seems to be a little bit of chatting between N.K, U.S, Iran.
Still has T.L support even if current support doesnt hold.
As for VEC:
Its sitting very close to Trendline, that pull back looks complete with the two climatic days both holding breakout support. This was followed by three of the most quiet days since it began its move. So if there was a dumper they've had 72hours to unload at this level, which hasn't occured so looks ready to move up from these levels.
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Also completely unrelated to the tip:
I thought I'd throw this is to avoid double posting on the thread, FRN has been soaking up very well 2.3/2.4, well worth a watch Circero, Patersons, GTT together on this one. Matthew Walker, Whiddon, SteinPag hold a bunch. Plenty Cash, Low EV.
Cheers
