I just noticed a new announcement from New Peak Mining announcing that they had discovered visible gold in a recent early drilling at one of their projects. I thought it may be a good time to create a thread around the performance of STM investments considering we have fingers in many pies. The structure of this I thought would primarily be to update the asset valuations that we currently hold.
As of now, NPM price remains unchanged but they are hitting volumes just short of 100million and people have been buying up into the .3c orders. Just a reminder that we currently own 125million shares of NPM. A simple movement of their share price from $0.002 to $0.003 results in a gain of $125,000 or +50%. I must also note here that the shares were expected to be delivered in February but I cannot find confirmation anywhere of the actual transaction. If anyone understands whether we had to declare an announcement upon receipt of the shares, please enlighten me. For now I am assuming we hold 125million shares in NPM at a VWAP of $0.002 (as stipulated in previous announcements).
Investment in COPP-B.ST sits at $18.5million. 154million shares. COPP-B.ST share price currently at 0.807SEK (current exchange rate AUD$0.12)
STM Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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