STX 4.55% 23.0¢ strike energy limited

AGL Caught Short - good for STX, page-37

  1. 8,708 Posts.
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    Good post Mrdin, more justified than your usual cranky posts.

    But the reality is, with the proving of any frontier resources, there are challenges and unforseen contingencies. Things always take four times longer than you expect. Several other companies i could say the same thing about, including the first generation cbm producers in Australia.

    What I'm saying is that despite the delays, all those announcement can still be considered factual. I.e. Not a case of management hyperbole. In fact, for an explorer, a sector renowned for exaggeration, stx management are very restrained...except for the recent excitement about near commerciality, which I think was genuine. But point taken, its time to show patient shareholders the money.
 
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