I was a shareholder of STX and sold before Christmas and bought more here.
I did not like:
- SN, absolutely no budgeting and financial restraint. He would announce more projects, spend money then do a CR. I understand the need to expand and take up opportunities, but he had no financial restraint at all and just did more CR,
- Project Haber may be a good thing, but huge capital requirements and there seemed never to be a plan for the capital needed.
TPD on the other hand has capital expenditure coming up, but I perceive covered by Waylering. Mongolia is another issue.
Will certainly be an interesting week.
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