STX 0.00% 23.0¢ strike energy limited

Ann: 2019 AGM Chairman's Address and Presentation, page-189

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  1. 6,317 Posts.
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    Several other posters said they heard something similar, though I suspect SN actually said "finance options are available" and they took that to mean "SN has ruled out a CR" which is what people were posting here - along with downramper accusations at anybody who dared to suggest otherwise.

    Finance options no doubt were available, but finance deals pre-FID can't be backed by reserves, so they tend to be small, on unfavourable terms and backed by shares anyway. For a company in STX's stage of progress, an equity raise is almost always the way to go. I would expect that there will be a series of larger raisings by both STX and WGO to raise funds for the appraisal drilling and FEED, and then the major funding for the construction of the gas plant will be a mixed debt/equity deal backed by the project's 2P.

 
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