STX 0.00% 21.0¢ strike energy limited

Ann: Talon acquisition update, page-127

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  1. 646 Posts.
    lightbulb Created with Sketch. 226
    It's only been 22 months since the W-5 discovery.
    In that time, they managed to:
    1. Drill W-6
    2. Sort out the permits
    3. Design and engineer the plant
    4. Procure the equipment
    5. Sign a GSA

    And they're constructing the plant.
    Even if it takes till the end of the year, I reckon that's a quick timeframe.
    It's a 5 year GSA, so taking a few extra months to start delivering on it won't matter much in the long run.



    However - I'm disappointed in STX lack of proper updates when they realised the indicated timeframes would not be met. It'd been better if they had been more upfront about it.
 
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