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26/03/18
22:32
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Originally posted by Nebuchadnezzar
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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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Was typing out this exact tip and then figured I should probably refresh the browser because someone else will probably do the same. Would short tip for TA instead but it's not actually looking all that bad yet. Maybe tomorrow.