STX 6.52% 21.5¢ strike energy limited

Ann: Walyering Reaches Payback & Operational Update, page-178

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  1. 618
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    If there is one thing that history has shown time and again, it is that market can stay irrational much longer than we can stay solvent. Hence it is critical our holding is not subjected to cash calls and we are being forced to liquidate our position before the market reprices STX fairly. If we can do that, then it doesn't really matter what the market does in between other than to give us more buying opportunities if one wants to buy more. The only thing that matters is when we enter and exit the position

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