Ann: EXPLORATION UPDATE , page-7

Hi all.

stb, thanks for the late b'fast - it hit the spot - those eggs, well they tasted they way eggs should taste. kind of nutty if you like, free range i presume? the hug was nice too, i love hugs.

i was banished to the wilderness for 7 days by mods for 'using profanity'. i honestly can't recall what i may have said that classifies as 'profanity', but i would sure like to see a copy of the post so, at very least, i don't commit the crime again. mods, anyone, pls email [email protected]

Anyone who knows me personally would know that i Never pepper my conversations with 'profanity'(ROFL).

the timing was quite alright though, because while in the wilderness, STB was trading sideways more or less and there were folks here playing noughts and crosses on a chart.

I also had time to develop Acacia Bark and Minties into a powerful aphrodisiac to attract non-smokers to smokers.

shortly after my quiet return from exile, Uncle Loz has brought out this fantastic new Anny.

It doesnt say too much - though i do like the 2-10mtpa line and credit to you stb, the NW of our current drill sites is being explored. Perhaps next time you phone them, tell them they should give you a job.

I personally did not get excited by this Ann - because it told us things long time followers already suspected or knew - that we are sitting on a little blitzer here. But it was a good one for D&Ders and other new investors.

Don't know about you, but i regularly trawl for price sensitive anns across the board and then follow up w a bit of research.

If you do yr research on this, then i have to say that it looks pretty good - esp since Potash seems to be one of the Darlings of 2011. We have not been written up much, but Potash certainly has - that's what attracted me to STB back in the highs of '08, but back then it was aussie Potash explo.

In my mind, my target SP for close today was 4.60 - and i am more than happy with that. i questioned even if we would reach it. as i have said in another post, STB seems to build interest for 3 days following an ann. i see it breaking highs until Fri and expect quite a bit of a retrace.

all good though - news us followers already knew.

The roadshow will be a whole new kettle of fish - selling Potash to the Canadians is a no-brainer and waking them up to this sweet find will light a fire IMO. The next ann will knock some socks off. Canadians know their potash and will part w their hard-earned on this one - no worries. If we list on TSX to make it easier for them, well lets see - sure beats the pants off Berlin or FRA. London roadshow gave us great immeddiate results, i expect CA roadshow will smash it. good to see Loz has waited to roadshow CA after he has a Jorc that will slap them w a wet salmon. good timing - infact i reckon CA roadshow will co-incide with a resource upgrade.

Like another poster said here weeks ago (i am sorry i can't remember who it was - pls credit them if anyone replies) - once ASX200 gets rerated in March, we will be in it - and instos are allowed to buy in, it will def be on for all.

Once next Jorc and scoping comes out, we can, unfortunately, expect T/O attempt. Although by that stage, dare i say, SP for TO will be well above the $10 we all anticipated earlier. I call $14-$16 for T/O.

If we can survive that and go into production, well, happy days.

My concern is that if STB split the co into Potash/Non-Potash, what does that mean for us as SH? How do they logistically work that out and how will our returns be divided?

seems today it was like the film Terminator 2 - it was bot wars aplenty. seems there were up and down bots, but mostly up bots.

Again, i'm not too concerned because i think this stock will prove its worth. Having said that, once we are into ASX200, it will open us up to shorters and their CFD's. And let's face it, as it stands, STB is pretty predictable for a day trader.

That aside, while there are only 79 mil shares on issue, this is so tightly held, it is just not funny. I think it is pretty key for us as a co. I don't believe we will need to be diluted once that scoping study comes out. I think that if mgmt plays it right, there will be plenty of pple willing to throw bucketloads of cash at this venture to see it go to prod asap without the dilution.

this stock has already made MANY ordinary folk into millionaires in under 2 years, and that is NOW. the future is bright and i honestly have very little qualms about sovereign risk anymore. Tunisia and Egypt have been a MASSIVE and well-deserved wake up call for dictators in Africa and the Middle East.

With this new found wealth in Eri and Ethi, they would have to be well-past completely insane not to share more of the wealth with the people and start to take their interests seriously.

[insert chosen deity here] bless those that instigated these ideas and revolutions to make real change. If Egypt can pull it together and create a functional and moderate State out of all of this, I can guarantee you that the follow-on will be tremendous. It has the potential to turn Africa into a safe bet.
STB'ers, i think we are sitting on a gem. I'm not even going to trade this one, I'm happy to hold.

sorry to torture you all with the essay, but it's been a while and the acacia/minties have taken their toll.

regards to all
g