Ann: Strandline Completes $33.8M Institutional Placement, page-33

If you're interested in one of SFX's brokers update on Thunderbird and the lower risk from that development in their opinion compared to Coburn (and it always depends on how one tells a story) it's just been posted onto SFX website under research reports.

Simpler, cheaper and thus lower risk process selling HMC to China instead of finished products from MSP is their point. Of course, selling only to China with low/no other offtake options in this current geopolitical environment is the hook. Control of final product sales should deliver a 'western supply chain premium' in addition to finished product premium, but it doesn;t always work that way, and not until after STA signed up offtakes before FID. Regardless of price, control of final product sales is absolutely lower risk than China only offtake option. I own SFX, only trying to be fair to both projects...

Broker's take on recent STA news below.