STX 2.17% 22.5¢ strike energy limited

Ann: Corporate Update-STX.AX, page-89

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  1. 2,345 Posts.
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    Finally some common sense. Where did all this talk of takeover come from? Some success is needed before anyone would considering a takeover, and to date still no commerciality has been confirmed. DW's departure is in my opinion a bad thing. If it was looking good he'd be continuing. My opinion is that other's have had enough of the delays, and possibly perceived mistakes. Cash is once again diminishing and still no milestones ticked to get further funds from Orica. Something needed to change and it was DW's head to fall. My concern is what is the plan now. My shares are now further under water below 10c, which is far from what I was hoping for. The lack of detail in recent announcement is a big concern. If there was anything positive going on, it would've been reported. This in my opinion is bad. Those talking TO's need to get a grip.
 
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