STX 4.35% 22.0¢ strike energy limited

Ann: Quarterly Activities Report and Appendix 5B-STX.AX, page-19

  1. 2,230 Posts.
    lightbulb Created with Sketch. 448
    There is absolutely no excuse for the company to have been held back by lack of cash available, other than due to incompetent management. If they were forecasting cashflow correctly they would've raised funds long ago when costs starting blowing out and forecast cashflow was over budget as a result of technical difficulties, rework and delays. There is also such a thing as contingency which is prudent for any company doing early stage development work. I do believe management are competent with these basic ideas, so can only assume your above statement is wrong. In my opinion, the company has been held back by not having better technical expertise to more quickly identify issues and prevent or resolve them. They are plodding along, improving and progressing, but I do not accept that slow progress is due to not having funds. If funds were an issue they should've asked shareholders to provide some long ago, preferably when share price was higher than it is now.
    Last edited by khopchai: 17/04/16
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
22.0¢
Change
-0.010(4.35%)
Mkt cap ! $629.3M
Open High Low Value Volume
22.5¢ 22.8¢ 22.0¢ $953.2K 4.276M

Buyers (Bids)

No. Vol. Price($)
27 1256953 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 803387 4
View Market Depth
Last trade - 16.10pm 08/07/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.