AON - Entry for STT FA and TA
Market cap roughly 12million at 2.2c. Have done quite a few raisings lately, the most recent was at 2.2c to raise 2million. Can't find the exact cash position as for some reasons Appendix 5b is missing? However as per my calculations they have roughly 4m cash. Drilling about to start in next 2-3 weeks at prominent hill which is close to olympic dam... two major discoveries and close by to BHP and OZL. Please refer to next mining boom article today...
Very good volume today along with buyers lining up... Price crosses Moving Average 200 day, long term bullish signal...
Cheers
Weekend STT Lounge: 22-24th Aug, page-15
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