Tri-star Resources Share Discussion Threads

[dr rosso] 16/2/2016 11:08

"Roaster construction award. News release due."

There it is. WP gets the job. End-2017 is an eon away as far as AIM punters are concerned. Mini-roaster will be up and running later this year.

[granltim] 16/2/2016 09:54

Wassatt
Posts: 37,076
Off Topic
Opinion: No Opinion
Price: 0.11
TSTR
Today 09:36
BOOOOOOOOOM

just had to do that

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It will fall like lead balloon just shortly..
zero interest

[granltim] 16/2/2016 09:43

Nice compounding debt which will just about take TSTR before it's turned a dime and they need money now for salaries and perks.

[granltim] 16/2/2016 09:39

Just a quick reminder of the collassal debt accrued already..

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Tri-Star, the AIM quoted company developing an antimony processing facility in Oman, announces that it has conditionally agreed with Odey European, Inc. ("OEI") a number of important revisions to the loan note instrument governing the terms of the convertible unsecured loan notes of total initial nominal value of £6.0m issued to OEI in two tranches in June 2013 and August 2014 (the "Loan Notes").

The principal revised terms are:

- Conversion price to be fixed at £0.0020 (0.2 pence) for the remainder of the term of the Loan Notes (until June 2018)

- That on maturity in June 2018, if a conversion notice has not been served previously, the Loan Notes will convert into equity at £0.0020 (0.2 pence), removing the existing option for OEI to otherwise have the loan notes redeemed in cash in full

The rate of interest accruing on the Loan Notes will remain unchanged (being a non-cash coupon of 15% per annum, calculated on a daily basis, and compounding half yearly). In addition, OEI will retain the option to serve a conversion notice at any time in the period to maturity of the Loan Notes in June 2018. Also, and as is presently the case, if the conversion of Loan Notes would result in OEI holding more than 29.9% of the Company's enlarged voting share capital, OEI will have the choice of either continuing to hold those Loan Notes the conversion of which would increase its holding of shares above 29.9% or to have those Loan Notes redeemed in cash.

[granltim] 16/2/2016 09:25

So they will need paying for the next 24 months..Where's that coming from?
Placing for few billion shares coming up ;)

[granltim] 16/2/2016 09:01

September 2017 construction may start..lol

[colonel custard] 15/2/2016 19:16

OILEX - Significant upside at Cambay and Canning basin - OEXgranitetim - 20 Aug 2014 - 07:17:52 - 8979 of 144039p top up.. Lovely ;)

[waldof] 05/2/2016 11:57

Absurd valuation give whats going on.
Bottom of the commodity cycle.
Buffet job as far as i am concerned.

[granltim] 05/2/2016 11:33

Did Odey close the short position ?

[dr rosso] 05/2/2016 10:56

Roaster construction award. News release due. 34% up.

[granltim] 02/2/2016 10:26

Where's wassidiot? Still flouncing round LSE making like he's G.Soros.. Dishing out buy advice on dead dog stocks he's heavily under water in ;)

[granltim] 29/1/2016 14:19

why all the selling ?

[wassatt] 28/1/2016 21:06

Second that..... And the large trade today was a buy, not a sell as shown

[colonel custard] 28/1/2016 20:26

9p top up for me lovely

grannytim on his oex buy, beaten by 200k at 11p chomping on shares like pac man he he he.

[colonel custard] 28/1/2016 20:24

Looks a good buy at these levels this used to be 1p

[colonel custard] 28/1/2016 20:22

zeeee locccch nesss monstarrrrr