STX 2.94% 17.5¢ strike energy limited

Ann: Letter to Shareholders, page-7

  1. 6,311 Posts.
    lightbulb Created with Sketch. 2511
    They may have only applied for $2M since it has to be matched spending, doesn't it? No point applying for $6M if they then have to do a CR to fund their half.

    Now we just need some good news from the Klebb pilot.

    And yes, the $24M is separate from the original grant and can be re-applied for. But if it's got the same caveats around matched spending then it's not much use STX applying for it unless they raise some capital.
    Last edited by psi81: 17/03/17
 
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