STA 0.00% 9.5¢ strandline resources limited

Ann: Quarterly Activities and Cashflow Report, page-36

  1. 1,514 Posts.
    lightbulb Created with Sketch. 694
    I had a lucky escape when I sold STA in few parcels only because I wanted to buy more of SFX given STA was a market darling trading well above what it was worth(perhaps on back of false promises) and SFX was undervalued due to its tumultuous past. That trade proved to be very profitable and I am now considering a reverse of that again!

    Understand this may not be the most popular post right now BUT I am keen to look at what Strandline's "Assets" are worth in a scenario where the "Corporate" doesn't secure the backing on lenders/investors. Not saying that's gonna happen! Just playing out a scenario

    Appreciate @@2ic if you could share your views (You are the smartest man in the room)

    A) What is Coburn's Deposit, exploration potential and the un-commissioned plant (with all its problems) worth to a Competitor, trader , customer. Who is best positioned to solve the problem if they can get the asset at a song?

    B) What are Tanzanian asset worth and to whom?

    Many thanks.



    Last edited by xxLiONxx: 08/11/23
 
watchlist Created with Sketch. Add STA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.