Ann: Strike Share Purchase Plan Closed, page-4

Mellow Yellow,
From the time they announced the SPP the O&G markets have been hit hard. Even larger stocks like BPT are down 30+%. STX performed in-line.

If they didn’t announce an SPP I think the price may well have gone below the 11.5c CR level anyway.

The failure of the SPP to raise the full amount isn’t because of the companies prospects or chance of success, it is just unfortunate market timing.

Everyone should be glad they raised the 13m when they did as the chances of getting that done even a few days after they arranged it would have been low imo.

And I am not surprised the glass half empty people here aren’t highlighting that there is now less dilution than expected as a result of the lower raising on the SPP !