STX 8.16% 22.5¢ strike energy limited

I decided to look into the past three quarterlys of Talon's...

  1. 1,697 Posts.
    lightbulb Created with Sketch. 558
    I decided to look into the past three quarterlys of Talon's after you posted above. First question. Why is Gurvantes classed as a non-current asset? In previous quarterly this was classified under oil and gas assets but it is still included in total of 8874 amount shown above. If its Walyering then same question - why non-current asset. Future forecasting (from latest quarterly) has this expense disappear with only operating and exploration/evaluation expenses forecasted. Why funding facility required? Other expenses noted have been Triangle JV. $1.9M to be split between March and September this year with forecast of $7.3M expenditure next year on drilling.

    Perhaps just clever accountants playing with shareholders.

    The Australian dataroom said "Buyout negotiations between Strike Energy and Talon Energy are understood to have stumbled over how to treat the latter’s Mongolian Assets, working capital and business conduct in the lead up to the deal."

    Perhaps STX also couldnt understand their quarterly???
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
22.5¢
Change
-0.020(8.16%)
Mkt cap ! $643.6M
Open High Low Value Volume
24.5¢ 24.5¢ 22.5¢ $2.367M 10.32M

Buyers (Bids)

No. Vol. Price($)
18 1082648 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 613933 8
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
22.5¢
  Change
-0.020 ( 6.52 %)
Open High Low Volume
24.0¢ 24.3¢ 22.5¢ 2904562
Last updated 15.59pm 16/05/2024 ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.