Ann: STL doubles value of ATM Cash Convenience Agreement to $30M, page-3

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JinxJ

52 Posts.

18/05/17

08:55

Post #: 24759873
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Originally posted by oxxa23 ↑

Nice.... really positive low risk cash earn....first of the many positive steps i expect from the business post the indue settlement....

some commentary from Todd previously on HC to elaborate on this:

"In short we get the cash at a wholesale rate from Goldfields Money and then on sell that to the other 76 ATM Deployers. Think of Goldfields Money as our "Reserve Bank" cash provider."

https://hotcopper.com.au/threads/an....3260555/page-6?post_id=22959044#.WRzQmGh9670

"We will make between $500k to as much as $1mil in the first year of white labelling this product and this is NOT in our projected revenues etc."

https://hotcopper.com.au/threads/an....3260555/page-8?post_id=22960832#.WRzRBGh9670

"The white labeling negotiations have already commenced with the independent ATM deployers (IADs) and also with Goldfields Money. The level of demand for this when meeting with the IADs was far greater than expected so we have already commenced negotiations with Goldfields for the post-settlement of Indue roll out."

https://hotcopper.com.au/threads/an...3260555/page-13?post_id=22971251#.WRzRJ2h9670

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Great digging Oxxa, super pleased with this announcement and to see STL moving forward again!

STL Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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Ann: STL doubles value of ATM Cash Convenience Agreement to $30M, page-3

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