STX 0.00% 19.5¢ strike energy limited

Ann: Terms agreed for $153m Development Funding Package, page-119

  1. 8,613 Posts.
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    You've got a bit of cognitive dissonance going on, Bigdaddy.
    You said no one would lend to STX based on the unitization risk looming over WE and SE, yet we now how Macquarie extending $10 of millions in finance to help Strike progress to the next stage on both projects, whilst avoiding a capital raising (another scare tactic).
    Now you have proven wrong, and Macquarie have extended finance after doing extensive due diligence (because that's what lending teams do), instead of admitting you were wrong, you are trying to re-paint the Macquarie facility as "window dressing."
    Sometimes it's better to just admit you were wrong and move on. Or, at the very least, have some humility in your prognostications; after all, we all get it wrong sometimes.
    Last edited by invertedva: 22/06/24
 
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