STK - Strickland Metals

[Realist]

Market Cap of only $8M.

Potential for a large amount of gold. Maybe 260,000 ounces...

Promising drilling results announced today.

Any thoughts?

 

[chris1983]

This is my latest spec play. Market cap is 10.4 million. Not bad. Below is from the announcement released on the 28th June.

ALLOY TO ACQUIRE ADVANCED COPPER-GOLD PROJECT IN LAOS

Memorandum of Understanding (MOU) signed to acquire up to an 80% interest in “Nam Thong” Copper-Gold Project in Xiang Khouang province, Lao PDR (Laos), through joint venture with Nilandon Mining Group.

The Nam Thong Project is located at junction between the Truongson Foldbelt, hosting Oxiana’s Sepon copper-gold mine (4.5 Moz Au and 1.8 Mt Cu), and the Loei Foldbelt, hosting Pan Australian’s Phu Bia (2.0 Moz Au and 1.2 Mt Cu) and Puthep copper-gold deposits and Kingsgate Consolidated’s Chatree gold mine (4.0 Moz Au and 28 Moz Ag).

Gold is currently being mined within the Project Area on an 8 sq km mining lease using artisanal methods. Gold and copper anomalism within the Project Area extends for over 4 kms.

A 300 sq km exploration and mining concession has been applied for by Nilandon which covers the mining lease and an area to the east where there are two additional copper anomalies, each with a strike length of 8 kms.

The mining lease within the Project Area has approvals for open cut mining and drilling.

No drilling or modern exploration has previously been undertaken in the Project Area. Alloy to embark on priority exploration program

SHARE STRUCTURE AND CASH POSITION

Shares on issue: 69,300,000 (quoted 56,625,000)
Current price: $0.15
Market Capitalisation: $10.4 million
Listed options on issue: 35,000,000
Current price: $0.05
Exercise date: 6 April 2009

Cash on hand: approximately $2.2 million

Now what makes a good spec play?

Location(proven success in the area)
Proof that mineralisation exists in the area
Small amount of shares on issue
Management.

This baby has it all. The Board is strong and has some vast experience. See below.

Peter Harold - Non-Executive Chairman Managing Director Sally Malay Mining
Chairman –Territory Uranium

Dr. Jayson Meyers – Managing Director Assoc Prof Curtin University Ex Great Central Mines Group

Peter Hepburn-Brown – Executive Director Also Kasbah Resources Ex Harmony Gold, Great Central Mines, WMC

Kevin Hart – Non-Executive Director and Company Secretary Partner Endeavour Corporate

Peter Harold is the Managing Director os Sally Mallay and we all know how successful Sally Mallay has been. The strong board really attracted me to this speculative play.

Now we have two large and successfull copper/gold companies in LAOS. One is Oxiana and the other Pan Australia. Both have market caps in excess of a billion dollars.

I like the fact they have been mining gold within the area using artisanal methods. Shows proof that there is definately gold there.

Below is an image showing the location of their projects.

 

[chris1983]

Not many sellers left on the sell side for this one..buyers are munching away. No major movements just yet..but it does look very promising. Keep a close eye guys...any news and it could move up fast.

 

[benwex]

Chris,

I have been watching Alloy for a few weeks now and have been accumulating.

Finally all the sellers at 18c are gone...

Lets hope for some good announcements in the weeks coming..

 

[nizar]

Chris,

I have been watching Alloy for a few weeks now and have been accumulating.

Finally all the sellers at 18c are gone...

Lets hope for some good announcements in the weeks coming..

This one looks good to me.
Solid resistance at 20c, evident on the 1-year chart.
Bit of volume on todays break.

I may pick up a few on 2mrw open.

I see Chris is on this as well. As we well know, hes not new to the art of picking winners.

 

[moneymajix]

Ann. 6 September

FURTHER HIGH GRADE RESULTS AND DISCOVERY OF NEW MINERALISED SYSTEM

HIGHLIGHTS

Additional sampling results from Nam Thong confirm consistent high base metal grades
(up to 19% Cu, 15% Pb, 9% Zn)
Discovery of a new base metal occurrence 30 km to east of Nam Thong prospect highlights the regional mineral potential of project area


:70:


Sp - 13.5c. Doesn't seem much for sale.

 

[coolcricket]

Hi Guys,

I am only new to investing, but was looking at this company as a possible spec buy. I notice they are mainly focusing on gold in WA, but are also exploring Laos. At 12 cents, it appears to have some potential. Anyone got any up-to-date opinions of the company? Thanks.

 

[Anmar]

AYR had a massive Gold find today, share price up 96%, hope it keeps coming in this depressed market.
Anmar

 

[youngone]

AYR had a massive Gold find today, share price up 96%, hope it keeps coming in this depressed market.
Anmar

Did you jumped in?

 

[Anmar]

I already have 25,000 so its a good result so far!
Anmar

 

[greggles]

A disappointing result at AYR's Ophara Project west of Broken Hill.

The RC drill program has not encountered any sulphides to explain the EM anomalies independently interpreted from the recent helicopter-borne VTEM survey.

The market sent Alloy Resources down 50% to 0.4c.

 

[System]

On August 19th, 2020, Alloy Resources Limited (AYR) changed its name and ASX code to Strickland Metals Limited (STK).

 

[greggles]

Strickland Metals making some gains today following news that it has moved to 100% ownership of the Horse Well Gold Project after Silver Lake Resources accepted its offer of $1.75 million for SLR's 37% interest in the project.

STK is raising up to $5,053,818 (before costs) via a pro-rata entitlements issue that will fund the acquisition as well as working capital to meet costs associated with further exploration and drilling of the Horse Well Project.

STK coming off lows hit at the end of March but up 27.3% to 2.8c today. Looks like the Horse Well Project has potential, but there is still a lot of work to do.

 

[greggles]

Strickland Metals has announced that it has entered into a binding agreement with Renegade Exploration Limited (RNX) to acquire RNX's interest in the tenements that comprise the Yandal East Gold project. This will extend the Company's tenure of strike over the geologically significant Celia Shear zone to more than 100km.

This looks to be a nice strategic play by STK. This deal gives them a huge amount of ground at Yandal East. Doing this kind of deal with only $400,000 payable upfront is a good cash conservation strategy.

I think STK could be a nice long term play. It will be interesting to see what drilling uncovers at Yandal East.

 

[Stockbailx]

STK Aiming for new highs;
Strickland aims to deliver superior shareholder returns through discovery of “world-class” mineralised systems. The Company is focused on Gold and Copper, both of which are in high demand.

Strickland Metals Limited

www.stricklandmetals.com.au

 

[Stockbailx]

Market sensitive announcement;
Strickland Metals Limited (ASX: STK) – Reinstatement to Official Quotation Description The suspension of trading in the securities of Strickland Metals Limited (‘STK’) will be lifted immediately, following the release by STK of an announcement regarding a capital raising and asset acquisition.
Trading has been assured back to Strickland Metals, they just might make their ambitious plans to get back on track to trading new highs..

ASX Announcements / Investors / Strickland Metals Limited

www.stricklandmetals.com.au

 

[Stockbailx]

Things picking up for Strickland Metals. Since there announcement on the 19/7. I see things moving in there favor. Strong Market Cap $47m.

https://yourir.info/resources/f6f8a...tion_Programs_Commenced_at_Yandal_Project.pdf

 

[Stockbailx]

After having a further insight into the STK chart. I think I see a cup formation (see above). So in may be a promising week for Stricklands. Working with some solid volume. Currently in the bull market, time to get on board...

 

[Miner]

STK Aiming for new highs;
Strickland aims to deliver superior shareholder returns through discovery of “world-class” mineralised systems. The Company is focused on Gold and Copper, both of which are in high demand.

Strickland Metals Limited

www.stricklandmetals.com.au

View attachment 126077

just keeping an eye on this after inundated mails .
"
Strickland aims to deliver superior shareholder returns through discovery of “world-class” mineralised systems. The Company is focused on Gold and Copper, both of which are in high demand." is an exciting qualitative and unmeasurable statement without giving any KPI how to achieve and in what terms. Sorry for my cynics.
Stochead has ramped the stock today however :

Strickland launches major drilling next door to Rumble’s Earaheedy zinc-lead discovery - Stockhead

8,500m reverse circulation drill program has just kicked off at the flagship Yandal project, with a focus on the ‘Dusk til Dawn’ and ‘Iroquois’ targets.

stockhead.com.au

 

[Miner]

After having a further insight into the STK chart. I think I see a cup formation (see above). So in may be a promising week for Stricklands. Working with some solid volume. Currently in the bull market, time to get on board...

pardon me @Stockybailz
Just developing an interest on STK and reading postings.
Where is the cup here (just because I am a slow learner from a novice earlier on charting) and only calfs but no bull (who do not produce)