STANMORE COAL LIMITED - (asx code: SMR) * Only 208 million share on issue * Top 20 shareholders holding 81% of the shares on issue * $25,000,000 cash in the bank $4,000,000 debt * 100% owned Coking/Thermal Coal Tenements in QLD coal basins * Astute and experienced board (150 years experience Combined) * Tenements on rail lines and infrastructure * Major Hong Kong backing in Sprint Capital. * current resource in excess of 3/4 of a billion tonnes and Growing. * Recently acquired more tenements(EPC1186/EPC2157) My 12 years in the market tells me all of the above will make this stock a standout on the asx over the next few years and unlike many juniors who drain shareholders funds,i am nearly certain this will create huge upside wealth for many from current levels of 17cents and this will actually become a producer due to resurgence in Europe and the strong demand from China and and in particular India as the Indians are pursuing coal tenements within our country. The Coal Sector has been in a bear market for some time but its about to turn and nows the time to get set, in my humble opinion for what its worth.
SMR Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
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