Ann: Appointment of Jozsef Patarica as CEO and Managing Director, page-43

"The eom production numbers and met accounting for October should be completed tomorrow, someone will know if there has been improvement in performance...not us mushrooms though."... STA just line wiped out all bids at 10c... guessing the EOM production numbers aren't good . Wonder what top 20 has broken ranks and run for the hills today?

Will they update revenue and cashflow or leave that for the Oct Qrtly, which in itself will try and hide costs in Acc Pay as usual? If they only sold 6kt of ilmenite and who knows how little zirc-con for the quarter, revenue may be negative badly despite the carry over 7kt HMC sold July 10th. If they can't monetise Tanzania in time (if at all) while production ramp and positive cashflow drags out too long debt covenants may require one more CR to buy more time. That would be the share price killer, even if VinceS2's 'eventual rectification' comes good and keeps STA in the game long term.

The market is right to be nervous, and the Top 20 were right to start selling down from 18c over early Sep... wonder if Luke is now bailing on his 13M shares?

GLTAH