STA 0.00% 9.5¢ strandline resources limited

It's disappointing that just a day ago in the update...

  1. 72 Posts.
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    It's disappointing that just a day ago in the update "price-sensitive" report there was no mention of a possible capital raising. Quite the opposite with Luke Graham saying...
    • "Any expansion is expected to be funded out of future Coburn cashflow and leverage significantly off Coburn's infrastructure..."
    • "...any future expansion of Coburn ...would be funded from cashflow."
    • "The potential expansion of Coburn will be considered in conjunction with Strandline's other strategic growth projects in Tanzania, including the advanced Fungoni and Tajiri mineral sands projects"
    Advising that a very significant capital raising of $50 million dollars was being sent to instos just a few hours later does not sit well with me. I suggest that a capital raising would have been known well before this press release on 4 April 2022.
    Will retail shareholders get any offer of discounted shares I wonder.
 
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