Ann: H1 FY24 Results Webinar Details, page-117

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28/02/24

15:15

Post #: 72648166
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Originally posted by papatee: ↑

Great list KeenDog - absolutely agree these are the real priority areas where we should expect to see clear answers and information provided by the company.

The one further area I am specifically hoping to see addressed tomorrow is some elaboration on current perspective re the liquidity front - cash-burn, cash reserves and expected cashflows - and in particular how these recent events are shaping their forward strategy to ensure there continues to be an adequate and properly risk assessed funding 'runway' in place for future development and growth activities. We know we are swimming in a shark pool and right now there is a lot of blood in the water. To my mind it is critical we stem the bleeding and make careful, sensible and sustainable financial decisions re next steps.

At this point, further massive risky cash-burn in the short term that propels us towards debt and/or massive CR within next few quarters would be a big red flag in terms of my own decisions around remaining invested. Such moves would play right into the hands of the billionaire sharks. It doesn't matter how good your assets are - they are worth nothing in the event you become financially incapable of further progressing their development. I am not all suggesting that is our current situation, however the risks in this respect are significantly higher than they were just a few weeks ago.

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STX has a significat cashflow in Walyering. STX will simply redue overheads, exploration and development if cash is an issue. They will easily manage cash from here.

Any suggestion that they will negligently burn through cash and leave themselves short is lunacy!!

These guys are smart with money!!!

STX Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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