Member Info for Wassatt

Because it's iffy

Let�s not forget what the total roaster revenue will be once fully operational: Tri-Star is a partner in the Oman Antimony Roaster Project, an antimony and gold production facility with capacity of up to 50,000 dry tonnes per annum of antimony concentrate, producing up to 20,000 tonnes of antimony and 60,000 ounces of gold Antimony currently �6,263 Per tonne Gold currently �961 per ounce That�s 20,000 x 6,263 = �125,260,000 and 60,000 x �961 = �57,660,000 Total revenue turnover per annum = �182,920,000 TSTR�s 40% = �73,168,000 I estimate 15% - 20% profit margin (at least) at 16.415% profit that generates �12 mil or �1 mil per month profit. For SPMP convert to USD that�s $41,51,9266 per annum, not an inconsiderate amount and should pay back bank loans relatively quickly. Now once that revenue stream comes into play � What�s the SP? Defiantly > 1 x annual revenue. Just saying � Close now. How close??? 1 month, 3 months? Even 6 months is close relatively speaking. Its happening only problem is they have not told us when they will actually switch it on!!

As far as we are aware no more money required to go live save SPMP getting a few 3 in their bank account (and so close to commissioning the numbers should be as close to final as can be). So maybe a little bit of money required but once in production really should not be any need for more � Should there? Am I happy �NO� SP has declined 50% in 12 months in real terms � So that�s why I am not too concerned at Guy going. And I think the issue of going private is not going to happen (it may but I don�t think so), if it goes private harder for Odeys to sell and get back investment � Is it not? Do they want a 20-25 year project? Or get this up and running, get revenue flowing, get dividends sorted, get SP up and drip feed sale Who knows. But I do know number of shares in issue doesn�t matter one bit. What would you rather have one share, in a one hundred million share company making 1p a year profit. Or shares in a company with 65 billion shares making �65 billion a year (not saying TSTR will make that it was for illustrative purposes only). All in my honest opinion� Not happy with SP but do honestly believe close to go live and revenues of circa �87,815,200 per annum (yes 87 million queens pound notes) is close, very very close� In my opinion definitely this year (I know wide but in the scheme of things even if September that�s nothing in a 25 year plan).

29 November 2017 Odeys invests $6 mil But is says: � Mezzanine loan to Strategic & Precious Metals Processing LLC, and, � Loan term of five years with SPMP having the option to redeem (with accrued interest to date) from the third anniversary of drawdown. So is loan on TSTR assets or SPMP? Not clear. Then the OO got �4.4 million ($6,142,356 Then 24 January 2018: Tri-Star invests a further $2.8 million in SPMP The investment in SPMP has been financed from Tri-Star's existing cash resources (from the OO), constituting part of the proceeds of the recent Open Offer to shareholders. So $2.8 mil financed from open offer � Which left the original $6 mil outstanding. Of the remaining net proceeds of the Open Offer, $2.7 million (�2.0 million) has been applied to part repay loans outstanding from funds under the discretionary management of Odey Asset Management. So $6 MIL - $2.7 MIL = $3.3 mil or �2,363,913 outstanding? And is it payable to Odeys from SPMP? Does anyone/everyone agree �2,363,913? Which is about 10% - 12% of �current� MCap depending on bid or ask price.

Reported

Good morning all

Good morning all

RNS says it's there "currently offshore UAE and is therefore ready to be mobilised to Nigeria shortly."

Yes it's setting off from the UAE, so it will take some time to get into the necessary position.

Dropped....!

Good morning all

I suppose it all depends on how the general market and PIs see the news as and when it materialises Hopefully the commissioning etc will generate activity .......

51M bought 26 million sold Hmmmmmm

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Perhaps we shudda had a lift today, positive trades and all that Guz Yeah still holding steady ta

Except for the dip ..........,,lol

Flat lining -�------------------�������������

Good morning all

Saints have sacked Pellegrino

Tick up on close .......