Ann: Settlement of Senior Secured US$60M Bond Financing, page-5

The positives are clear, the mine is going ahead and fully funded which is a great accomplishment.

However the preference given to brokers and funds over long term holders is dissapointing. The news flow, structure of announcements and overall marketing of the business has been average.

As a result STA is trading at a 35% discount to its high despite all the milestones now ticked off.

It will take time to burn off the new investors jumping on for a quick buck before we can hit new highs.