SRZ 5.88% 1.6¢ stellar resources limited

re: Ann: Fourth Quarter Activities and Cashfl... The 6.4 wasn't...

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  1. 5,438 Posts.
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    re: Ann: Fourth Quarter Activities and Cashfl... The 6.4 wasn't much to get excited about given the low volume, but seeing the tin price increase and AUD drop, makes SRZ a player again... If it continues.

    I wasn't go to say anything at the time, but the statements that SRZ had a positive NPV was conditional on the AUD dropping to 90 or below and the US$ being above $20k/t. At the time of release, this was far from the case!
    (AUD was 92 and tin price was around US$19500.)

    But how a few days have changed it all.

    The AUD now at 89.05 and 3-month tin now US$21,125.

    :-)

    Good luck holders, those sub-5s might be about to pay off.
 
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