XAO 0.27% 8,586.9 all ordinaries

Short Term Trading Week Starting: 26 Mar, page-100

  1. 308 Posts.
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    STTCOMP WFE, FA Short

    Winmar Resources

    SP - .021
    SOI - 2.6 Billion
    Cash - $3m after raise
    Mcap fully diluted - $55 million
    EV - $52 million

    Outrageously overvalued at the moment. The company holds nothing but some cobalt leases that they paid $100K for recently. Holders are banking on a Brewer and Langford dream team to pull off an amazing DRC cobalt acquisition at the moment. The stock threads contain a lot of ramping. This thing is basically a $52 million dollar shell. Surely the top is not far away. I'm thinking this is going to be a 'sell the news' situation when the acquisition ann is released.
 
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