Ibaera Capital have sunk around US40 mill into it and have now sold out. On reflection they now have all their money back in cash, shares and options. STK now have many years of continuing the funding of the project, probably at least ten years to any fruitful production. Never a fan of Cayman Island based entities. How many CR’s will be forthcoming down the track or will they just flog everything found here in Aust to fund it?
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