STX 2.78% 18.5¢ strike energy limited

Yes, it's an exploration company but it doesn't mean it can...

  1. 618
    3,410 Posts.
    lightbulb Created with Sketch. 2382
    Yes, it's an exploration company but it doesn't mean it can throw prudent risk management out the window. They won't be cashflow positive for at least another 2.5 years, maybe 3. All their current available capital will be needed for WE Phase 1 development. Unless they tap the market again, they won't have the capital to go at it alone.

    I am sure if enough shareholders with a substantial collective vote who share this sentiment put their voices forward to the board, they may consider it but I doubt the board will risk a 10+mn drill on the very imprecise science of "nearology" and a promising set of 3D

    All IMHO. Either way, it's a good problem to have. The alternative is that we have a bunch of crappy prospects with next to no chance of finding anything

    618
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
0.005(2.78%)
Mkt cap ! $522.9M
Open High Low Value Volume
18.5¢ 19.0¢ 18.0¢ $1.303M 7.063M

Buyers (Bids)

No. Vol. Price($)
4 347828 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 1205075 19
View Market Depth
Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.