STTCOMP IPT FA LONG
Impact Minerals
MC ~$40M
No debt ~$2M cash
There was a bit of buying last week (1.1 cents to 1.6 on high volume).. has since dropped back to 1.4/1.5.
The usual worries about possible CR. Outstanding options expire beginning of June (strike price 2 cents)... company might hold off until then.
Sound long term project for HPA (high purity alumina... high grade, big deposit) and 3 other irons in the fire.
Did the large buyer get their fill? Or are they coming back for more? Will another large buyer turn up? That will be the factor that gets this over the line for 25% in 4 weeks. Otherwise looks good for a hold.
Has been reasonable news flow with indications more to come.
