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re.. If there was a placing we dont know how much we need..
fwiw....our largest and majority shareholder has absolutely no intention of providing further finance to SPMP....and whilst this recent development is extremely irritating the outlook remains v positive.
I can see the cynical side of it. If there was a placing we dont know how much we need!
If the plants fully commissioned (from our end) that changes it again. I don't think this is planned.
To be cynical after the delays with commissioning (and this is not a jibe at the guys on the ground doing the work, the plant or indeed at anyone directly) its a fact getting a plant up and running is a 2 minute job. If it's antything like the commisiong the placing date could be extended by a year!
" Some updates in regards production volumes and purity levels would be good too!" We can't figure how much or how far away (if any) there cash demands are and they are likely to want! Full production demands could be next week..... or 3 months?
Bet that last RNS was to lower the price for a placing or change of percentage...the terms...now that the price is lower I bet the strike price will be lower to Or am I just been cynical in my old age...
Hope you are keeping well. Long since I have seen a post.
Indeed good to see, now if we can also get that independent report, talked of in the earlier RNS, saying that the plant is now in production (and thus TSTRs guarantor obligations are fulfilled) that would be good.
Some updates in regards production volumes and purity levels would be good too!
Looks like they are trying to get worked not fail.
With the delays, at this point the Antimony production would seem the sensible focus for production. Get it up and running for now. Does anyone know if the production is only Antimony (for now)if TSTR has fulfilled it production obligations?
(I am not saying the gold rexovery isn't important at 50000oz) Leave the gold recovery until it is producing Antimony.Get that working later. Would that make sense?
Explains yesterday’s antics somewhat...
Hopefully relief...
I'm not holding but looks good to those who are