Issued and outstandingIssued & Outstanding
11,653,500
Escrowed
7,140,000 (61%)
With 4.5 million shares trading watch SWR trade quickly to relative fair value with JV partner SMI. 1/3 shares out as 40 % Partner. Look out 80s. This is without factoring in relative percent increases since start of SK coal trend. SMI is up 152% while SWR up 60%.
Include this and numbers suggest 1.60.
https://stockcharts.com/charts/performance/perf.html?SWR.V,SMI.V,WGF.V,CAJ.V,NAG.V
GXS JV rumours with a major, next wave of junior staking announcements, further comfy letters and rumours of additional coal intercepts in the region, surfacing keep this play hot.
Similar staking map like WGF could be updated on SMI and SWR web sites. No map yet because their still submitting permit application. Management don't pump and will release one map when submissions are finished. IMO
Watch SMI/SWR and others make announcements of permit applications on previously reserved land.
That GXS - JV rumour will be a big mover. It's a given and could be on us with no warning. At the bell, days, next week.
Also believe profit on the move from Que shale plays.