STTCOMP BMZ, FA LONG
Market cap ~$9M
163m SOI (And almost that much traded since anns last week, VWAP set VERY high). Consolidation on successive higher volume day after the anns after a ~200% run, ready for another big leg up.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5Aa5yBSZovpjke92GA==
Announced acquisition last week for Lithium in DRC, another nearology play for AVZ, good RvR and very low MC compared to peers (Although project and infrastructure not as advanced as e.g. 4CE, still undervalued IMO)
ASX peer comparison;
BMZ $8m MC
4CE $37m MC
AVZ $475m MC (60% project, and arguably undervalued also)
BMZ refer to green...
Note red = KNOWN PEGMATITES
Count = BMZ 6, AVZ 2, 4CE 1
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Watching the trade the last two days has been interesting... a lot of stale holders wiped and demand soaking very strongly. I think this will be fully noticed over the weekend and we will see the next leg up early next week following yesterdays consolidation.
Chart is looking nice also as far as I can tell, but far my area of expertise so I won't bother posting an STT TA tip, but there's a chart thread at BMZ so take a look.
Disclosure, held.
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STTCOMP BMZ, FA LONG Market cap ~$9M 163m SOI (And almost that...
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