fellow wooducks

ASX QUERY 18th NOV 2011 RE : Price decline from $2.11 ( 14th NOV ) - to $ 1.61 ( 18th NOV )24 % ,-on increased turnover .

STB REPLY : "Not aware of any market sensitive information that has not been released to the market" .

In the lead up to the " MAJOR " Capital Raising :

Volume : 28th NOV 70 K
29th NOV 80 K
30th NOV 92 K

BUT ,- wait for it:

TWO DAYS before the trading halt:

VOLUME :1st DEC 488K ( Day High $1.48 -Sold down to $1.28
2nd DEC 320K ( Day High $1.57 -Sold down to $1.35

Strange about that increase in volume !!

MONDAY : 5th DEC - TRADING HALT

WEDNESDAY: 7th DEC ANNOUNCEMENT : CR at $ 1.10

1) WHY IS THIS NOT A RENOUNCABLE RIGHTS ISSUE ?
2) WHY NOT A CAPITAL RAISING AT A HIGHER PRICE ? ( When the shares were trading above $ 3.00 )
3) IF THIS POTASH PROJECT HAS SUCH "HUGE " TIER ONE " POTENTIAL ,- WHY WOULD SPROTT NOT STUMP UP ANOTHER $ 10,000,0000
4) REF POST : 7512633 RE: THE UNDERWRITER " -DONGARRA LTD " ( IF CORRECT )
ARE THEY A RELATED PARTY ?-

Something Very Smelly about this stock ! Someone (plural) got a Sniff .

The practical lesson from the above is your either
"Inside the Tent" or "Outside the Tent",-

At a Sell of HIGH $ 2.86 ( SEPTEMBER )-& BUY LOW $ 1.22 (TODAY )- a Return of 55 % -

OR -55 % LOSS OF CAPITAL if A Buyer .

What is required is: 1) A Forensic investigation of who has been selling ahead of the CR announcement .

2 ) Publication by the Company of the TOP 20: ( SEPT / OCT / NOV )to check if any associates of the STB board have "Lightened Up "

Will the ASX investigate the matter ,- "London to a Brick on",- you bet they wont -

TOOTHLESS TIGERS !

A few posters have expressed support ,as dilution is only small,- what about those shareholders that paid over $3.00+
based on the following ,and are suffering a capital loss of over 60%.

Three "GLOWING" reports from the Management of STB :
plucked from Presentations to "Investors "

POTASH :

“A Significant re-rating is expected as we continue to push closer to Producer Status”

The “WORLDS” Most Strategic “Greenfields” Potash Resource

NICKEL:

“The most “Promising and Exciting Greenfields Nickel Project in Australia”. Terry Grammer.

This stock could well do another Share price nose dive ,just like PLA.

PLA had very " GLOWING " reports about the High Grade PGE,s Close to Surface . That stock is now 11 cents ,-after several desperate capital raisings ,-at much higher prices .
What price the next CR for STB - 55 Cents ?
In the interim ,the Management of STB take home VERY generous salaries .

Serious questions should be asked of the STB Management ,-
Ability to bring this project to fruition .

I Dont Think So . Better to court a Suitor .RIO perhaps ?

I hope I am wrong ,and will apologize to all loyal shareholders ,-but not impressed LORRY ! , with this latest CR decision .

SENTIMENT : WATCH / WAIT / & BE WARY

CC : ASX & ASIC INVESTGATIONS UNIT