Dear Shareholders and Friends of ILST, I wanted to provide you with a corporate update.
Management continues in its discussions with several investment banking firms as well as our contacts in the US, Europe and China. The consensus of participants in the precious metals space is that the price of gold will remain above $1,300/oz. ILST has updated our projections to reflect to what is believed to be the floor for gold ($1,300). We now have a much more compelling story for investors as shown in the summary table below.
|$1,300 Au||Principal Repayment||Total||% Return||IRR|
|Early Stage Permit investor|
|Single Note ($100,000)||$100,000||$127,555||128%||39%|
|Late Stage Build-out investor|
|Single Note ($100,000)||$100,000||$85,037||85%||29%|
As the above chart indicates, the return the investors will receive is substantially greater at $1,300 gold. As an example, an Early Stage investor at $100,000 not only receives his original principal back, but also a 128% profit ($127,555) generating a IRR of 39%.
Additionally, the expiration date for the offering is extending for an additional 90 days. The collateral material has been updated and is in being disseminated to previous interested parties, as well as, new contacts.
Results of the meeting with the Swiss investor provided some suggestions for moving the project forward, but no definitive interest. However, our dialogue with other European bankers are ongoing. We can continue to be solicited by Canadian investment banking firms that are confident that they can raise the capital, and we are pursuing funds needed to engage them, as well as, fund the SEC Industry Guide 7 Technical Report.
Lastly, I want to inform investors that I moved to Southern Florida which will allow me to network with high net worth individuals and promote our offering.
By submitting a question you agree to the terms and conditions of these participation guidelines:
International Star Inc. reserves the right to not respond to any question or comment it feels is inappropriate or spurious.
All questions and comments will be reviewed and best efforts will be made to post appropriate responses within a timely manner. We will not post any question or comment classified as spam or which contain offensive, hateful and/or defamatory language or profanity.
Users are free to submit questions in English as long as they comply with our participation guidelines; however responses will only be posted in English.
International Star Inc. is a publicly traded company, operating in a regulated industry. Therefore, questions or comments pertaining to any ongoing legal matters or regulatory issues specific to International Star Inc. will not be posted.
Questions, comments or opinions expressed from members of the public are those of their respective contributors only. International Star Inc. does not endorse or approve of their content.
Any comments or questions relating to specific issues beyond the scope of this blog should be directed to the channels available from the Contact section of the website.