STA 0.00% 9.5¢ strandline resources limited

"With no hmc shipment since early July they may have produced...

  1. 2ic
    5,724 Posts.
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    "With no hmc shipment since early July they may have produced enough hmc to produce the 5kt ilmenite nominated below."... Unacceptable to not continue with monthly shipping updates given 'producer status' has clearly been postponed 6 months from plan, despite Lukes claims otherwise. Very little effort to work up and release shipment commentary once a month and keep the market informed instead of just those with inside contacts. Especially after whacking holders with a huge 18c CR and with all his time freed up by a new CEO...

    Only reason to not make monthly shipment updates is to buy time to hide behind, while the actual production issues are fixed and perhaps production doesn;t look so good during remediation. Just another reason the market has not and will not trust his guidance until they see results imo. Guidance was very clear... monthly shipments of HMC (+/- ilm) monthly for working capital until MSP is fully commissioned. July 10 shipment was booked for June but delayed beyond STA control, so one assumes by 10 Aug another shipment is ready and/or should have sailed.

    Fact holders are trying to guess if shipment guidance is being met or not from reading port shipping movements seems absurd in the circumstances and hardly encourages confidence to buy. Why would anyone without inside contacts buy, knowing they will get a smack in the mouth from those frontrunning progress if it doesn;t do well? No surprise share price reflects current lack of confidence in production, process or guidance...
 
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