STA strandline resources limited

Ready to Launch !!!, page-2

  1. 9,328 Posts.
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    Yes plenty lined up. The foundations for the future are looking good. I'm very interested to see what comes through on the RIO JV - the deal is fantastic. If Rio find what they want, we get a good slice of a Tier 1 project; if it's Tier 2/3 it comes back to us solely; if it's worthless we ditch it - all scenarios covered on the back of Rio's investment.

    As far as launching - I think we need to consolidate a bit longer at this level. 16 cents was the 3 year high until last week, it needs to be affirmed as new floor and buyers aren't yet moving through enough to completely cement it.
 
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