Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes - pretty quiet, not been any updates on the Tri-Star website since the 30th June one either... keeping it on the low, but I hope the plant is fully operational now, and belting out the antimony and gold!! Still hold my shares... and hopeful we will get an offer or taken out if/when SPMP come to market.
I'm a holder, not many updates from this project. Bottom draw for now but hopefully one day we'll get a return on our investments.
https://www.spmp.co.om
Website gives a positive vibe... no developments with TSTR shares and a buyout, live in hope though...
Nice to see others still interested enough to post on here. I'm hanging on for as long as it takes to my shares.
No news on progress on the roaster which I find strange as the OMANI,s would want to sing the praises of their flagship project...Tristar results up to December 2020 can be found on company's house .Reading the results I would hope we are swallowed up by SPMP in the next 12 months if not sooner.If one wants to know the direction tstr will go in look at it from Crispin Odey perspective and what's best for him as he is the major shareholder..
Is there any information to be found (operational progress/results, financial structuring etc.) It's clear they want to hold the project out of the spotlight, but still believe it's worth holding shares of Tristar.
According to the latest tristar update .30th June 2021 .SPMP will likely come to market and it will have swallowed up Tristar.Either a cash payment for the 16% or we have shares in a listed SPMP.
Thank you HotShot for your comments. Agree, it is early days yet. Need to get a bit more water under the bridge before anything might start moving.
I think it's a little early to make this judgement on the possibility of a sale of the 16% though... The roaster was not scheduled to be up to full production until mid-2021, so it could possibly still be just about getting to full capacity. However, the antimony price is strong, over $11k per mt now, so if/when it's belting out the antimony, it will be raking in the profits! Re-financing the debt long-term could also be a possibility. So, maybe next year... we could see interest in acquiring our 16% share if it's making vast profit per month. Have to wait and see.. .but, I am not selling mine for a few pennies either! :) GLA.
@itslikeacasino
Thank you for your input. Things can change quickly, we don't know what could be going on in the background, just hang tight. I have a small holding, so I'm under no pressure to sell. It was a small punt for myself. Hope it works out for you and thank you once again for responding.
It seems as this is going to be a long term investment. I think that if the Omani’s were keen on acquiring our 16% that would have made an offer by now. So I think it’s more likely going to be dividends, however based on the very expensive dept that SPMP has and also the fact that Crispin Odey will receive his 2 million loan back first it probably will be over 3 years before the minority shareholders start receiving dividends. And all this depends on if the roasters are able to run consistently at full speed. I personally have so much invested in this that it doesn’t make sense for me to sell for a few pence, however I can understand why a lot of investors are wanting to sell at the moment
Hi
Anybody got anything to say about Tri Star?
Hi Fussbox.
I think it would be a good idea to make contact by email first and then we can exchange tel numbers and discuss the best way to cross the shares. My email address is kevin@bluemedinvest.com. I look forward to hearing from you. Kevin
I've got 17600 I can sell at 5p. Will accept BTC/ETH/BUSD equivalent. I guess I need to consult with IG if you're interested, to find out how to gain custody of them.
Does anyone know of anyone that would be interested in selling 200,000 shares at 5p. I see that someone has 245,000 shares offered @4.75. Would love to know who this is and would be happy to buy these.
Yes that’s fine. You can email me on kevin@bluemedinvest.com and we can exchange tel numbers.
Hi Stay Long, I only keep a modest 26000 shares of Tristar; but I'm interested to sell them @ 5. Let me know if you're interested.
You seem keen STAY LONG and we haven't had an update from the company or from anywhere on the progress on production from the roaster.Your timing is probably spot on as initial thoughts from tristar was they expected to reach full production by summer 2021.A fully producing roaster is likely to create significant revenues and with debt renegotiated surely our percentage of spmp must be worth many multiples of today's auction price.I'm also intrigued as to why Mr Odey has parked up on the Board .
Does anyone know of anyone that would be interested in selling 200,000 shares at 5p. I see that someone has 245,000 shares offered @4.75. Would love to know who this is and would be happy to buy these.
what's the news here?
Also anyone else with IG? How to sell your shares, via asset match?
And boo again
Auction closed at 4.75.
A bit of activity at last!
Indicative price 6.25p on asset match
There is an update from mid March on Tri-Star's website.