STX 2.70% 18.0¢ strike energy limited

Operations update, page-12

  1. 8,673 Posts.
    lightbulb Created with Sketch. 3335
    I think they would be foolish to say nothing, even if results are underwhelming.
    Lets, for argument's sake, say there are a few more technical issues. If they come out and explain things, with a clear path forward, they will be able to raise the additional capital they need at around 10 cents.
    If, however, they say nothing between now and October I think you'll see the share price drop below 9 cents, which means even more dilution down the road (for a certain amount of $millions raised).
    Of course, there's no reason yet to assume the worst, but keeping the market informed and anchoring expectations is critical to maintain a stable share price (and financing capacity going forward).
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
-0.005(2.70%)
Mkt cap ! $515.7M
Open High Low Value Volume
18.0¢ 18.5¢ 17.5¢ $1.632M 9.095M

Buyers (Bids)

No. Vol. Price($)
18 1496984 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 1648396 15
View Market Depth
Last trade - 16.10pm 09/09/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.