Member Info for Wassatt

Nice to see !!!!!!!

Well someone has to be positive Far too much negativity floating about, and let's face it, nobody on this side of the fence knows how this will play out, we just have to go with the information provided

I've no idea........ can't think why they would or wouldn't.

FE you say "Wassatt, I agree once the OAR is, finally, in production things will change as the uncertainty will start to fall away and the SP 'should' recover. My only concern is whether or not the PIs get to share in this phase of it's operation, hence reviewing my position in 3 months time." BUT ALSO YOU THINK A HIGH PROBABILITY ODEYS WILL TAKE OVER IN JUNE AND THERE WILL BE NO COMPANY LEFT (2 months time!!!) How can you review a position in 3 months when you say Odeys will take it over in 2 months? Just does not make sense. FE, read the Port of Sohar magazine, have a think if you think OIF and DNR are in it for charity, and if you think Odeys will take it private. If you say yes or maybe to any of the above - You MUST sell, you have no option. You really really dont have an option - You would be stupid not to sell and go away. It may happen but Ill take the risk and I wont keep banging on about it - You know why - Banging on and on wont change what will or wont happen. Please sell believe me you will feel better for it.........

Old but still relevant?? Dates need changing but sentiment the same. OIF and DNR will want a return on their investment they have shareholders � So where�s it coming from? A combination of?? Capital growth as loan gets paid off? That would mean selling down share � Do they want to do that? Dividends � Seems sensible to me Building more cheaper gold roasters for sustainability � Isnt that what OIF are all about? Now very old GECR research: Roaster We have amended the timeline for the Roaster Project such that we now expect the first antimony invoice to be issued in January 2017 (just over a year later now) with first cash being received in February 2017 (again push out a bot). The roaster project then runs until December 2035, with the final cash received from invoice in January 2036. This means we have delayed our timescale by approximately six months. We have included general costs of $1.5m for FY�14, which is based on the expenditure Tri-Star had in its Q3�14 accounts. We have also delayed our cost and CapEx assumptions by six months, except for the central operating costs paid by the roaster that remain the same as we assumed previously. We have assumed that all costs remain at the same level as previously assumed, except for the aforementioned reduction in commodity prices. Note our assumptions for the Pilot Plant have also been delayed by six months, but all our additional assumptions remain the same other than those detailed above (commodity prices). We have also lowered the discount rate we have used to value this asset from 15% to 12.5%. We have reduced our management experience discount by one percentage point due to the fact that activities around this project are ramping up with the support of major partners in the region and the additional endorsement of the technology from the interest of refractory gold miners. We also reduce our jurisdictional discount as Tri-Star has received continued support from its major partners in the region and has had strong conversations with banks along with these partners. We therefore feel management has significant support for operating in the region alongside its own experience here. Lastly, we leave the remaining two discounts the same as the company is closer to achieving an active plant but we understand that there are still some hurdles the company needs to overcome on the engineering side before the project is finalised. Now here is the interesting bit: We have also introduced a dividend payment that is received from the roaster once it becomes profitable. The first dividend is therefore received in FY�18 and reflects a payment of 10% of FY�17 net profit. The percentage of profits paid as a dividend then increases each year to reach 100% by 2022, after which it stays at this level. As we have charged tax on profits at 21%, we have assumed that this accounts for the tax payable on receipt of the divid

The only comparable company to TSTR/SPMP is UAMY. MCap of around �13 million. Then look at what they produce. United States Antimony Corporation Now if I have this correct � Happy to be told I am wrong I am not concerned about that. In Feb they say Antimony pounds 105,162 (48 tonnes or 576 tonnes P/A) Then say $3.946/pound or $8,700 per tonne. Bits and pieces but not much else. 576 tonnes per annum against TSTR 8,000 TONNES PER ANNUM. That�s 13.88 times more SB produced (forget gold for now you can add that yourselves). So just a bit of fun what�s 13.88 x �13,000,000 (considering SPMP OAR is low cost energy and no tax!). Well to save you the trouble of getting your calculator out its: �180,555,555 So FE why can�t we be positive and say based on UAMY valuation and production, TSTR should be somewhere in the region of �180,555,555 mil MCap??? That�s .0283 per share and add what 50% for gold??? Maybe not that high � Let�s say 25% So .0353 per share based on a valuation in existence??? That�s 10 x where we are today or 1000% Am I saying the SP will be 10 times higher �no� BUT why not based on a genuine market value of a company doing the same only much, much, much smaller? Not saying we will get there but makes me happier than Odeys deliberately designed OO to take private � Which they could have done with far less trouble! And lets not forget PoS Magazine clear they expect GROWTH...

The last paragraph in the Port of Sohar latest magazine interests me most: SPMPs vision is to make strategic and precious metals processing and manufacturing an important and competing sector for Omans future economy. As such, SPMP will continue to grow and develop this site and its business in related technologies and downstream value- added products So is this more than Antimony and Gold? There is a map in the magazine and I believe SPMP have said they will take the plot next to the one they have - For what? Also a quick dig.... All those companies in Port of Sohar and not a sunshade in sight or a bus to bring them all there???? What total and utter nonsense.

Looks like the buyers are out today then !!!!

Good morning all

There's always going to be different views So accept that and move on. What I don't like is Ramping or Deramping for ones own gain, to me that's for untrustworthy bar stewards that creep around AIM with their poison, and make, yes make, genuine PIs lose money.

Suggest you read all today's and yesterday's posts. We've been having a good debate ....... jeez

I would like to have your thought on today's debate, so what do you think??? Guzbod, JS74, Krispy, SirG, Coffeecup, LindayH, pdp1000, and all the others......!!!!!!!

Now look what you've done The plant is due to produce its first antimony metal in June 2018: That�s somewhere between 9 and 13 weeks before its producing, even if its 20 weeks shouldn�t really care, Finance in place � So no issues on ����s being available, The front end of the plant, comprising of the concentrate handling shed and concentrate dryer, is complete and ready for cold commissioning � So real progress, capacity of up to 50,000 dry tonnes per annum of antimony and gold concentrate, producing up to 20,000 tonnes of antimony and 50,000 ounces of gold � NICE On dividends, yes have to pay off the cost of the roaster but as each payment is made the MCap should increase. OIF and DNR are not in this for charitable reasons (are they) so how will the: Get payback for their investment? Generate revenue? OIF are longterm holders to generate revenue and sustainability so �DIVIDENDS� and �NEW PLANTS�. We are linked with OIF and DNR now as we own 40% of the IPR on the roaster, any new roaster and we are in there. Sit back 13 weeks MAXIMUM and it will be up and running. Each payment back on the loans should mean increase in SP. Work out yourselves what 20,000 tonnes of SB is. Sit back relax we are close real close. Except FE who is right; There will be no increase in SP and NO dividends, and Odeys will take private � So to rescue your investment FE sell, sell now you are right�

FE had loads of resposnses for you - Especially why dont you just sell BUT this may stop you selling and putting down TSTR: http://www.soharportandfreezone.com/Magazine/Sohar_2018_Magazine_Final_Digital/HTML/files/assets/basic-html/index.html#80-81 Go straight to page 80����. Do not pass go, do not stop only to collect a large amount of US Dollars Production WILL start in 2018 The by-product � WILL be processed into gypsum for the local market� Lovely MORE revenue/Profit. The Last paragragh is the best � GROWTH! Its part of the Sultanate�s PLANS� We WILL grow and DEVELOP � If that�s not a reason to invest then I really don�t know what is���.. We are part of OIF�s and the Sultanate�s PLANS � Lovely Oman Antimony Roaster is part of the Sultanate�s plans to increase the contribution of the non-oil sectors to the diversification of the local economy. Therefore, SPMP�s vision is to make strategic and precious metals processing and manufacturing an important and competing sector for Oman�s future economy. As such, SPMP will continue to grow and develop this site and its business in related technologies and downstream value- added products

Fatherelmer...... If the PoS magazine article doesn't stimulate you to be a little more positive I have one question to you � Would love to hear your answer. You think: There will be no capital growth in SP, There will be no to minimal dividends, and More importantly � Odeys are near certain to take private and wipe out PI�s. So my one question � Why don�t you sell? You are convinced the will be no growth, no dividends and high probability we will lose all our investment if Odeys take private. So give me one good reason you have not sold????? The answer is not SPMP have plans to grow....

It makes no difference as they have years to pay that off. So once in production that will be covered with millions to spare. In that case my friend that is definitely not an issue

As I said earlier Don't you think the monies made (Profit) from the OO Shares .... plus the $2M at commissioning will easily pay off the debt. If not, why not?

There's a lot of guess work there, and to be honest, does it really matter, as you will be long gone, as you've openly said once the SP gives you profits you're off. So, did today's lift get you there?????

20,000 tonnes of Sb at �6040 per tonne is: �120,800,000 Add on 50,000 gold = call that �400 Thats �20,000,000 Total 140,800,000 They are looking at off take so 40% or 50% of sale price Thats ����� (not USD) 84,480,000 There is a report about $300 P/T But lets say $1,000 thats �14,000,000 costs. So total profit per annum would be in the region of �70 mil. That pays off loan in less than two yers. MCap is normally on "TURNOVER" but �28 mil profit P/A Dont forget TSTR have people on the SPMP board and will state divis should be pushed out. OIF will want divis as well. Complete nonsense from some on LSE... They are both right its rubbish they should sell now before Odeys take it private and 40 years of NO divis... Tell them I said sell

He certainly does When I got home from golf at the weekend there was about 25 emails from him ..... so he was busy eh