STN saturn metals limited

3.49%

41.5¢

Ann: Chair's Address to Shareholders, page-5

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Nijiman

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28/11/24

05:11

Post #: 76812558
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Originally posted by Starrr: ↑

I attended ….

Ian fully in favour of building trial pits but looking at best way to ensure it done in most efficient way en route to full scale ….
for one thing the pit will throw off a profit and loan funds would then be on far more friendly rates and cost to full production lowered …and capital,works are available to full,project …

cannot believe chairman trotted out old study based on gold at $2650 AUD and then simply said..” imagine what effect of $4000 gold ( present price) does ….
quite silly …
Ian then showed how payback time halves with the price change in gold

…..A change in board composition would smarten this mob up….You would think they are all hoping to submit a PhD on the nature of gold mineralisation in the vicinity of a major undeveloped gold resource ….and reinvent the wheel

Get a move on ….start producing gold …we know it will end up w 5 M ounces …we only need a few hundred thousand for now ….

I voted against all non exec options ….they just cancelled the ones at 80 cents and replaced them w another few years at 30 cents ….how does that work ..???

if at first you don’t succeed , simply lower your standards ….and in that time the price of gold has doubled or so…

grrrrr…..what a. Great deposit and project….its time will come …and soon I hope ….

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Thanks Starr. Appreciate your response.

Spot on re: board composition.

Company directorships. Now there is a worthy subject for a thesis.Such an incestuous jobs for the boys industry in Oz.

STN Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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Last 41.5¢		Change -0.015(3.49%)		Mkt cap ! $190.7M

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