Tri-star Resources Share Discussion Threads

[once bitten1] 24/1/2019 16:23

Don't even what's up or down .. 100p today No ..Maintained 40p No back to 30p tomorrow oh yes!!!

[colin12345678] 24/1/2019 14:50

LOL UP UP UP UP UP

[once bitten1] 24/1/2019 14:35

And down and down and down

[once bitten1] 24/1/2019 14:21

Soooo funny

[smraynot] 24/1/2019 14:15

100p+ imhho. A steal.

[bullet ant] 24/1/2019 13:23

Nice 1 Biutitul Genie

Ant feeling sick like a parrot.


BA
Stealing is Good

[genierub] 24/1/2019 13:19

Here we go 37p paid and 55% up. 40s are nigh.

As I said, the exciting part is after the 40s where this goes. This is massive news. I suspect yesterdays FLYB investors will be jumping on this soon.

BOOM

[bullet ant] 24/1/2019 13:19

Biutiful people

What a shame. I saw this lit up on my scanner :(, did not check at 30%. Just watching and not chasing.


Good Luck people. Winter is harsh, ants been grabbing all little crumbs.


BA
Stealing is Good

[wiserthanyou] 24/1/2019 13:19

Value of TSTR is less than zero. Pump your money in at your own risk.

[genierub] 24/1/2019 13:15

Wiser its all about sentiment and that RNS is a trio of whopping news. As I said less then 15 days ago, it was trading at 40p. This will be a no brainer first target. Question is how high can it go once 40s are breached.

Price £0.3411 to sell on a dummy trade. MMs will have to shift into another gear soon.

[once bitten1] 24/1/2019 13:13

Stop on dude

[kaur70] 24/1/2019 13:10

Back to 40 p plus imho

[genierub] 24/1/2019 13:04

+46%

This was 40p about 12 days ago and fell because investors thought a placing was coming. How wrong they were, the RNS states no placing is needed. No reason why this doesnt rocket over 40p with 3 huge pieces of news in one RNS.

MMs and brokers not allowing any buys at the moment. I am sensing a rocket about to go off. No ramps - please read above RNS and check the charts. DYOR.

[genierub] 24/1/2019 12:42

Over 30% already without any herd. All time high is well over 1000 and year high is over 80p. Was trading at over 40p not long ago when dilution was expected. They just confirmed in the RNS that no placing is coming. Could be a massive afternoon ahead....

First test 40p easy. After that, all bets are off and the train takes off. Whoosh.

ààà

First Metal Update, SPMP Funding and Turkey Sale
Thu, 24th Jan 2019 12:34
Tri-Star Resources Plc - First Metal Update, SPMP Funding and Turkey Sale
PR Newswire

London, January 24

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014 until the release of this announcement

24 January 2019

Tri-Star Resources plc ("Tri-Star" or the "Company")
Update on First Metal, SPMP Funding and Disposal of Göynük Project in Turkey

Tri-Star (AIM: TSTR), the mining and minerals processing company, is pleased to announce that management at Strategic & Precious Metals Processing LLC ("SPMP") in Oman, which Tri-Star has a 40% shareholding, expects the initial production of pure antimony metal to take place in the next week.

The event is a key milestone for SPMP as it proves all aspects of this technologically advanced facility are functional and the country of Oman can boast a world-class, strategic industrial asset.

The production of first metal is also a key requirement in obtaining a long-term finance package for the plant and the board of Tri-Star understands that SPMP is well advanced in these discussions.

As was recently announced, SPMP has requested an additional US$10.5m from its shareholders. The Company is confident that an equity placing will not be required in order to meet its 40% share of the funding requirement.

In addition, the disposal of the Companyâ€;™s interest in the Göynük mine in Turkey has completed for a total cash consideration of US$500,000, with the first tranche of US$200,000 already received by Tri-Star.

Highlights of Göynük Transaction:

The Göynük mine consists of the exploration and mining rights for a historical artisanal mine in a known antimony belt in the Murat Dagi mountains of western Turkey, of which the Company currently owns 99.93%;
Tri-Star has signed a Sale Purchase Agreement (“;SPAâ€) with a local Turkish entity which has experience in mining (the “PurchaserâS64;);
Under the terms of the SPA the Purchaser will pay US$500,000 cash to Tri-Star in three tranches, the first was paid on the signing of the SPA on 21 January 2019, the second payment falls due upon share transfer, and the third payment of US$100,000 falls due on the first sale of material from the mine;
Following the closing of the transaction, the Purchaser plans to bring the mine back into production before the end of 2019;
Tri-Star is facilitating an offtake contract between the Purchaser and SPMP.
Karen Oâ€͐2;Mahony, Acting Chief Executive Officer of Tri-Star, commented:

“We are pleased that first metal is now imminent.

The SPMP Plant is a key strategic asset for Oman with very strong backing from the countryâ€;™s Government –; who have shown exceptional support for the Project. The success of the Project demonstrates the potential that can be realised through Foreign Direct Investment in Oman by international partners, particularly the UK, with whom the country enjoys a special relationship.

In Turkey, the new owners of the Göynük Project are extremely keen to advance its development, which will help secure feedstock for the Companyâ€;™s flagship SPMP Project. We look forward to continuing to work with the purchaser post completion so that we can establish an offtake agreement for SPMP for the Göynük production.â€

ENDS

[cyberbub] 14/1/2019 21:39

With a large amount of money invested so far, I doubt the backers will pull out now for the sake of $10M? The only way they would pull out is if the engineering problems were somehow 'terminal' - but I'm sure they will be getting their own engineers to check that these commissioning issues are just that. If the fundraise is confirmed that will be reassuring, of course it might mean 4-6 months' delay, that's the way it goes with any large engineering project. As long as it's fixable, no problem IMHO. I suppose the concern could be if TSTR are expected to/want to pony up their share of the $10M, in which case there might be a fundraising at say 20p? Could be an opportunity for anyone who thinks this is just a modest delay in what could be a lucrative project. No advice intended of course.

[suetballs] 14/1/2019 19:05

Once again disappointment from AIM.
Suet

[aventador] 14/1/2019 16:50

What a shower this company is.

[rileyma] 14/1/2019 08:32

"IS PLEASED TO ANNOUNCE"

hhhmmmm ,not to sure I'd be so "pleased" to announce that ,,,,, ;-/

[solarno lopez] 14/1/2019 07:31

Yet another costly problem

[rileyma] 07/1/2019 09:02

cribbed from krispy on lse,(hope you don't mind,,,,,)

production announcement 'should' be Imminent
==================
Well I'll start the NEW Year with a reminder of previous post, just to kick start us into life. I know its a cut and [paste, but it is still relevant.
From 24th Nov.
"Revised shares in issue 94,120,463
Production 20,000 tonnes
Sb price to agree to RNS $8165 - (Less than the Av Sept price of $8,625.)
Uplift for Gold 50%
USD/GBP Rate 1.29
Projected turnover GBP 189,833,721
TSTR Share 40%
TSTR Turnover 75,953,488
1 times Revenue per share 0.81 GBP
3.8 times 3.07 GBP

The information used to calculate our figures is mainly based on “Official̶1; news via RNS issued by the company as follows.

RNS 21-12-17
“SPMP expects that then the plant will ramp up to its operating capacity of 20,000 tonnes of antimony and 60,000 ounces of gold by mid-2019”
and
“H2 2018 through the H1 2019 is expected to represent the ramp up year for the OAR. The level of profitability of the OAR will depend, among other things, on the particular blended grade of feedstock mix but SPMP currently expects to declare its first dividend in respect of its financial year ending 31 December 2020.”

RNS 22-16-18
“Under full operating conditions, the plant will produce around 20,000 tonnes per annum of antimony products (close to 10% of annual global consumption) supplemented by around 60,000 ounces per annum of gold. At current market prices, this would result in indicative revenues for SPMP of around $245 million per annum”
and
“The plant is expected to gradually ramp up to full operating capacity during 2018 and 2019 as the commissioning process is completed and additional feedstock supplies are secured. SPMP management currently estimates that the facility will operate at EBIDA (earnings before interest, depreciation and amortisation) margins of around 16 per cent. initially rising to approximately 20 per cent. when at full operating capacity. At full capacity, based on the indicative revenues of $245 million, this would generate around $49 million of EBIDA per annum.”

[dr rosso] 31/10/2018 19:33

Looking good. Some loose change so added 2000 today.

[pinkfoot2] 20/10/2018 18:43

Good move this week-very tight market so any good news will be welcome

[wiserthanyou] 17/9/2018 08:25

Placing imminent..

[pinkfoot2] 10/8/2018 18:52

Agreed-I took a big lump in the Placing and after an initial hiccup, things are starting to move.Need more PR I think