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22.5¢ strike energy limited

Ann: Response to ASX Aware Query, page-198

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26/02/24

10:27

Post #: 72592691
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Originally posted by invertedva: ↑

Great post @gerfovitch

I think we all need to calm down a little.

And calls for SN to step down are ridiculous. First because most of the volume trade prior to the trading halt was index rebalancing as evidenced by the share price holding up so well. That doesn’t mean there weren’t people with inside information selling at the same time. And while this is disappointing, and a mark against the company’s reputation, none of us were complaining when ‘inside information’ was being shared by chadelaide and others in the past. And the reality is, no drilling site is a hermetically sealed container.

I think it is natural when people lose money, to look for someone to blame. Sure, the company needs be better at communicating and controlling information leaks from the drill site. I think SN assumed we’ve gotten big enough so the company wouldn’t be buffeted so much by Chinese whispers anymore (eg. Look at how Beach and MIN release info). This might have been a bit of wishful thinking.

However, calling for investigations that will lead nowhere or for SN to step down, adding to the hysteria, is not only unjustified but counterproductive, handing another ‘free kick’ to those who wish to exploit Strike’s (hopefully temporary) weakness.

Just ask yourself who benefits from that cartoon published in the West Australian? Not shareholders, that’s for sure.

Sad to see you go @gimo211. Love your posts. Hopefully we see you back once the smoke clears.
For me, I just look at the assets and the price and know the company has been through far worse and emerged stronger for it, and unless there is another bad announcement out of the blue, I can’t justify selling at anything in the 20 cents, especially not when several companies will be very interested in acquiring our assets, and with cash flowing into the coffers as we speak.

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Can we all agree 30c take over will now likely succeed. Even long term holders bailing

STX Price at posting: 20.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 22.5¢		Change 0.010(4.65%)		Mkt cap ! $643.6M

Open	High	Low	Value	Volume
22.5¢	23.0¢	21.5¢	$3.339M	14.95M

Buyers (Bids)

No.	Vol.	Price($)
7	337869	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	1651352	24

View Market Depth

No.	Vol.	Price($)
4	130888	0.225
5	84320	0.220
8	683720	0.215
9	638320	0.210
8	417841	0.205

Price($)	Vol.	No.
0.230	1476612	21
0.235	945860	15
0.240	655722	13
0.245	311594	9
0.250	3178415	17

Last trade - 16.10pm 21/06/2024 (20 minute delay)

STX (ASX) Chart

Ann: Response to ASX Aware Query, page-198

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Ann: Response to ASX Aware Query, page-198

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