STA 0.00% 9.5¢ strandline resources limited

Ann: Corporate Presentation - Diggers & Dealers Mining Forum, page-22

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  1. PM4
    559 Posts.
    lightbulb Created with Sketch. 100
    It's had a decent run from the June lows. I have been accumulating in the low to mid 30's. It's my only red stock today and if it went into the 30's again I would add more. STA is going to start to pay divs from FY24 6.3% and from FY25 12%. It is able pay Divs so early as it has a Federal Government NAIF loan at great rates and doesn't need to start paying back for 10+ years... so Fy32 or later. If it didn't have this the divs would be less as the loan would have to be paid back. Analyst price target in 75 cents.

 
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