STX 5.26% 20.0¢ strike energy limited

Ann: Trading Halt, page-86

  1. 141 Posts.
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    Base thanks for asking those questions. I thinks it’s important management know a lot are disappointment with this particular raise. It know it’s difficult to criticise as I expect they are privy to more information than us or at least I hope that’s the case and not simply giving sophisticated invested a cheap in. Time will tell I imagine.
    What I find particularly frustrating is they used a good chunk of our prior raise to buy Wgo shares and I wish that was still in the bank. Even though time has passed for this move ( purchasing Wgo ) I still can’t quite understand a clear strategy as to why. Sure I can speculate but that’s all I can do.
    I hope management don’t buy anymore Wgo with this raise.
 
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