STA 0.00% 9.5¢ strandline resources limited

Ann: Company Update - Record Coburn Production, page-17

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  1. 1,257 Posts.
    lightbulb Created with Sketch. 96
    STA burning $14.7 millions a quarter. On average it is burning nearly $5 millions a month

    How long will it take to burn out all the $43m as it sold the Tanzanian asset to Chinese for the next step to delisting from the ASX?

    JC may sell Coburn asset to Chinese, but will be paid for creditors not to share holders, unfortunately no instos holder holding this junk stock
 
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