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9.5¢ strandline resources limited

Couldn't agree more, profitable in its first quarter of...

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OracleRhino

791 Posts.

93

27/04/23

09:59

Post #: 67474380
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Originally posted by robbo2023: ↑

Not really. Go back to the investment decision. Effectively the numbers are $4.4bn of revenues at $104m EBITDA annually.

My gut feel is that it should be sitting at $750m - $850m market cap, with Tanzania and significant coburn extension the catalyst to push this further.

So at the moment the market has priced in some operational risk, however as per asx releases everything has gone smoothly?

Overall STA and Luke have done a great job operationally to get this up and on budget. However the corporate / capital raises along the journey were terrible, the timing of these capital raises did not look after long term holders.

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Couldn't agree more, profitable in its first quarter of production, execution has been solid. +20% margin pre interest payment but also pre ramp up and commissioning the MSP delivering. A great start and 50c coming!

STA Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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