STX 6.38% 25.0¢ strike energy limited

Let's step back and appreciate just how well the board have done...

  1. 42 Posts.
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    Let's step back and appreciate just how well the board have done to get to this position.

    We have a billion dollar company with no revenue entering a capital intensive phase of its lifecycle. Typically this is when predators seek to exploit a distressed cash situation with the share price constantly forced down on capital raise rumours.
    Strike Energy now has liquidity equal to 20% of its share price - with no dilution. It has contracts in place for development of urea and downstream processing.
    It has imminent maiden cash flow.
    It can advance on a broad front across several projects. Reduced time to maximum cashflow really improves the NPV calculation (and removed one of the main advantages of a large bidder)

    It is only up from here with no post-CR share dumping.

    Amazing stuff. Best board, best management and best technical team in the business.

    Of course, anything is for sale at the right price, but that price just went up - a lot.
 
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Last
25.0¢
Change
0.015(6.38%)
Mkt cap ! $715.1M
Open High Low Value Volume
24.0¢ 25.0¢ 23.8¢ $3.385M 13.78M

Buyers (Bids)

No. Vol. Price($)
13 369888 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 472851 17
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Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
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