STX 2.27% 21.5¢ strike energy limited

Ann: Exploration Update, page-18

  1. 1,668 Posts.
    lightbulb Created with Sketch. 483
    Something to think about regarding TO.
    Strike currently has a Market Cap of circa $640,000,000 based on today's SP of 22c.
    with Revenues of circa $10m per month .... makes you wonder WHY someone would come and pay 36c or above $1Billion for Strike. right at this moment.
    Strike obviously need to get on with the business of adding MC Value before anybody is going to come along and waive the Harry Potter magic wand and shower us SH's with gold goblets.
    So today's Ann is just that, reassuring us they are getting on with it, trying to add MC. I don't think a TO will come just yet, nor within the next 6 months.
 
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