STX 21.2% 20.0¢ strike energy limited

Ann: Walyering-7 Flow Test Update, page-5

  1. 759 Posts.
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    I know there is a lot happening at the moment, but we went through a period of hardly any updates and now updates are very frequent.

    In fact this update says:

    "The results to date whilst positive are preliminary in nature and are not indicative of the final outcomes of the planned long term production test"

    Obviously there is a backdrop of a very low share price.

    I cannot help but think they are trying to increase the share price and perhaps to keep a potential suitor away, or have a potential suitor offer a higher price.

    Given the price is creeping up and there is a lot of shorts, you would think the shorts have to close out soon, which will further increase the share price.

    Just my thoughts
 
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