Crowe I feel for your position being on a time line to try as see share price increases sooner rather than later. It creates the security needed at certain time periods of your life. I also earmarked funds somewhat short term for different reasons but am somewhat flexible depending on situations that may arise. I had a choice of investing in shares or leaving them in the bank. Great decision on my part. My poor decision was to get out of some companies sooner than necessary which also has an opportunity cost. Timing is everything. My point to you is one way is set a goal on the amount your comfortable with and get out as you have suggested. An alternative way is to give consideration to what it occurring at the time and base your decisions around that. I have arguments with family members regularly about this. Who knows the best approach really. I did invest in Strike and Norwest assuming most of the risk was exposure to their ability to discover commercial gas. One did NWE and saw share price appreciating nwe the other didn’t stx Why? I always thought it was manipulation. With recent activity I now assume this was the case. We have seen recently seen corporate interest largely effects the price ( stx and wgo ) for obvious reasons. I strongly suspect ( my opinion ) will see further activity from corporations that will target strike. On one hand I think it will be a lot harder the swollen strike but also our recent all time high of around 41c will see a lot of share holders happy with a reasonable premium on that which is reality frankly. Such activity will be a good thing for share price and even better for Strikes longevity if they can stave them off. The board have demonstrated their acuity in putting it to the big boys with all the tricks they had up their sleeve. I suspect the only way to survive is if they sign a binding agreement with Koch for Haber ( that would thrown a spanner in the works in any acquisition potential acquisition). Or they may well be in cahoots with Gina to make this happen. We are at a disadvantage not knowing what is going on behind the scenes. I admit when Harber first came on the agenda I momentarily went off Strike but when I thought about it I felt it was a great move. You get around the export reservation policy we hopefully can export excess gas and supply a product in high demand. Not to mention keeping the greenies off our back. The board know what they are doing.
The last point is delay in EPA. I find it hard to fathom licences can be granted at a cost to explore for gas and government departments won’t allow it to be commercialised by then not granting relevant approvals. I also understand it’s a different process that they need to go through to accomplish this and it’s happened before where companies have been blocked. However by blocking us here would be a terrible sign to other exploration companies sovereign risk and down right unfair. Delay could be for a number of reasons but we will get there in my view.
Sorry Crowe that this has been more about my rambling than you but my short opinion is to hang in there if you can which from your last posts seems your view also.
Again sorry to ramble but I sometimes find committing my thoughts to words help me think a little clearer as it’s a bit of a mind spin to try a work out all that’s going on. Also posters don’t be too critical as I’m not experienced in this field but have a shit load at stake.
STX Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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