Stu has done well financially from his time at Strike and he will move on quietly.
When the Board shelved the fertiliser plant and wanted to push forward with 3 gas field developments that Stu was no longer the right person to lead the company.
The Walyering plant delays in construction and ramp up has not provided the cashflow to support the strategy in full and the SE 2 & 3 flow tests lost market trust. I think to undertake a strategic review is timely. It will allow the BD time to review current strategy and other options to increase the value of our shares. I don’t see this taking that long as it’s pretty clear that WE will either be tolled through the Beach plant or our 50% stake sold to Hancock.
STX Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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