RE: Good afternoon23 Sep 2020 14:55
Thanks for your opinions Osakakobe most of which I can concur with as we stand at present. However, please remember that the SP was only marked down from around 40p to below 20p due to the fateful RNS back in January with the fallout between TSTR and the Omani’s over financing. If you remember, the RNS six weeks previous was very positive. Adrian Collins ( Chairman of Tri Star) commented “ Given the robust market fundamentals for our products including high-grade antimony ingots, antimony trioxide and gold dore together with the planned ramp up of production, SPMP is at a tipping point, which we believe will see shareholders rewarded for their support.”
I believe that the SP should at the very least hold this level, However with agreement made by all parties a current valuation for the company would far exceed that level especially if the timelines stay on target with production.