EXPM:GTARF - Post by User
Post by
grammaduxon Oct 06, 2016 4:09am
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Post# 25315577
Speculative buy
Speculative buyI initiated a small position based on the low market cap and the good grades from recent drilling I expect new drilling results within the next days. Low free float could give this a nice boost to 20c if drilling results are good.
Current market cap is only $2.6m, minus around $300k of cash they had at the end of June and minus 200k shares of Probe Metals (worth $320k), means enterprise value is only $2m.
Recent insider selling hurt this stock but as they guy who sold his shares declared to leave the company I would not put too much focus on this. Selling shares of your old company before taking on a new job is standard procedure with a publicly listed company.