STA 0.00% 9.5¢ strandline resources limited

Ann: Annual Report to Shareholders, page-7

  1. 3,620 Posts.
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    A$420m capex to date and still accumulating. I think the dfs incl. contingency was somewhere near A$330m ...
    Operating cash flows A$4.3m. High risk that this is misleading in as much a swag of 'operational costs' will have been capitalized.
    Directors report dripping with watch-out risks. Almost reads like a "we have no effing idea where we are going to get hit next"
    Negative working capital. All facilities exhausted. Shareholder interest quickly fading
    Thankfully fewer photos of Luke's girlfriend ...

    very sad indeed!

 
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