STX 0.00% 19.5¢ strike energy limited

Good to see the optimism but anyway you look at it this is bad...

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    Good to see the optimism but anyway you look at it this is bad news. This was suppossed to be a big deal for the company and they led us down the garden path on it a bit. A bit of a blow for mgt credability to my mind.

    The rest of the stuff coming through in the short-term seems to be more smaller building blocks than a company maker. This one looks like it's going to be more of a grind over the next while.

    Good long-term prospects, good balance sheet but likely to get smacked in the short-term.

    Ce la vie.
 
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