STA 0.00% 9.5¢ strandline resources limited

Class Action, page-6

  1. 3,615 Posts.
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    I'm not sure that the Tanzanian assets are truly isolated from the fortunes of the broader STA and provide any real 'floor'. IMO if the controllers of STA don't want to develop the assets and the assets are not attractive to any buyers then they are, by and large, worthless.

    I think right here right now the absence of any data re Coburn April operations (and maybe May) beyond that included in the qrtly is eerie. It is difficult to imagine that the directors will persist if very soon there is not some amazing epiphany in the very near term. Insolvent trading is truly a motivator and I take some solace from the fact the directors have not folded . But until the miracle, we'll just have to wait. Sigh!

    Have a great day
 
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