Hi Lethal,Old mate Kevin from STX hasn't even lodged paperwork...

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29/08/23

07:40

Post #: 69601863
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Originally posted by Lethal70: ↑

$4m W7
$8m minimum L7
Gurvantees current exploration program and then next years program
Next 6 months of admin costs.

Thats 6 months of Walyering cashflow taken up if all goes well.

The issue is when does this cashflow start?
If its not soon then it gets messy as most of this would be required by years end and we will be lucky to get 2 months production.

STX smells blood and going for the kill.

We as shareholders are left in the dark and flying blind and as much as we want to be positive our management left us in a very vicarious position.

Drilling W7 next yeat would be amazing personally as it potentially extends cashflow and future proofs the business for a much longer period of time and surely that would make a significant diffence to SP.

One has to ask why our board are recommending this deal and try and get to the bottom of whats really going on regarding cashflow and Walyering start up because if theres no issue why are they all for it without a clear exit strategy for Mongolia.

18.5c share price says there's no confidence in our management

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Hi Lethal,

Old mate Kevin from STX hasn't even lodged paperwork for W7 yet so talk of Q1CY24 seems somewhat premature. Do they even have co-ordinates yet? Is W7 in L23 or EP447? I agree with the other comments, but for all STX's bluster their SP is failing to deliver for them.

TPD Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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Hi Lethal,Old mate Kevin from STX hasn't even lodged paperwork...

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