Ann: Q4 FY24 Quarterly Report & Appendix 5B, page-85

Keyboard set wrong. Meant A$!

Note that 80c a share is market cap of $2.24bn. On anyone’s valuation of Strike’s assets and liabilities, that is a preposterous price. Anything over $580m is absurd until ED1 comes in, W7 test results ultimately prove positive and not hidden behind a load of waffle, Booth comes in, AEMO allocate capacity credits and Macquarie agree to fund WE FID etc and SE1 peaker plant. Plus Hancock doesn’t insist on unification of SE1, W5 doesn’t water out and W6 isn’t a dog that does not bark because it has lost its voice….

then a bit more that 20-21c a share could be argued for. BUT 80c. Not likely this century.