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What happen to ST Asia

update and clarification, see linked announcement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_37F5D4C4C8F62E4248257473001C43EA/$file/Update_on_mine_operations.pdf?openelement

EastonBay ( Date: 24-Jun-2008 17:27) Posted:

Received this info today from remiser. ST Asia has not come out to clarify... so don't know if this info is accurate or not.

* Just had confirmation from adam worthington who has spoken with mgmt
last week,
that SAR SP Sebuku mine boundary extension decision has been delayed due
to
corruption investigation into the Indo forrestry dept (no approvals will
be
made until the investigation is complete), explaining recent and continued

underperformance.

* The mine extension approval had been slated for September, the market was

hoping for major increases to reserves and prod frm the Sebuku mine.
source: Macq

kevinski ( Date: 21-Jun-2008 10:26) Posted:

Anybody knows y a big drop?

I'd checked with their IR, and they claimed that this is not true. They still expect to get the license this year.

Received this info today from remiser. ST Asia has not come out to clarify... so don't know if this info is accurate or not.

* Just had confirmation from adam worthington who has spoken with mgmt
last week,
that SAR SP Sebuku mine boundary extension decision has been delayed due
to
corruption investigation into the Indo forrestry dept (no approvals will
be
made until the investigation is complete), explaining recent and continued

underperformance.

* The mine extension approval had been slated for September, the market was

hoping for major increases to reserves and prod frm the Sebuku mine.
source: Macq

kevinski ( Date: 21-Jun-2008 10:26) Posted:

Anybody knows y a big drop?

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What happen to ST Asia