STX 8.82% 18.5¢ strike energy limited

Ann: Non-Renounceable Issue - Letter to Option Holders, page-2

  1. 8,573 Posts.
    lightbulb Created with Sketch. 2840
    read the bit about Orica, and brick mob.
    orica is the big one.
    seems to me the big problem is the delay in establishing commercial gas flow.
    that was why I complained 12mths ago, that STX would never give any figures on gas flow.
    I know these things take time, but we need Continuous Disclosure of such major issue- and that is evidenced today.
    so now poor gas flow results = running out of cash, gas Offtakes in peril, R/I to raise cash, and dilution for existing shareholders which could lead to changes, plus M/D gone.

    still think STX is good bet, and at 7c is a bet

    cheers
 
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