Ann: Strandline agrees to sell Tanzanian mineral sands assets, page-9

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xxLiONxx

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20/05/24

12:42

Post #: 73912683
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Originally posted by xxLiONxx: ↑

Mate - No one on this board disagrees with your knowledge of Mineral sands and far from ragging, people (including me) look forward to your comments.

Some minor comments below.

a) Strandline UK was a guarantor to the recent super senior facility - It is good outcome that Tanzanian assets were disposed off even if thats just about enough to wipe out the $20m with some change left over - From the posts on this forum it was looking unlikely they will fetch $43m. Whether it saves the company or not is a different topic- but it is a good outcome on its own, compared to what we forecasted.

b) As per public information only $10m of 20m has been drawn to date. I would think that if Facility B was drawn down - STA would have informed the market. Facility C cannot be drawn pre-May31.

c) Question I have now is - Whats the current production? What price a shipment is fetching? and do STA has any plans for go beyond the intermediate product they are producing now and try to extract more value?

Its not dead until its dead!

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Mia culpa

5M Facility B was drawn early April - They have made it public.

Last tranche of $5m probably going to be drawn early June.

STA Price at posting: 9.5¢ Sentiment: None Disclosure: Not Held
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Ann: Strandline agrees to sell Tanzanian mineral sands assets, page-9

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Ann: Strandline agrees to sell Tanzanian mineral sands assets, page-9

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