STX

0.00%

19.5¢ strike energy limited

Should be fixed shortly with the Se1 update. Share prices...

First 152 Last

Share
Profile

Follow
wot

10,160 Posts.

1435

18/06/24

15:59

Post #: 74373099
Share

Originally posted by invertedva: ↑

It's somewhat ironic that there's all this hand-wringing about a supposed capital raising (a lot of it confected by those with ulterior motives, I believe).
It's ironic because, in the worst-case scenario, they might raise $40 million. I think this is very unlikely, but even if it does happen, this isn't that much relative to the current market cap. Also, any money raised would only be used to pursue some high-probability, high-impact 3D seismic and drilling targets.
Any rational shorter can see this. There are dozens of companies with high debt and low FCFs on the ASX that would make easier shorting targets than STX on the basis of "a potential capital raising." Yet, STX remains the 12th most 'shorted' stock on the ASX. Furthermore, any rational shorter would also be closing out their existing positions while the share price has been sitting at 52-week lows these past few months (following the disappointing SE2/3 results), not increasing their overall exposure.
To me, it's pretty clear the share price is being 'managed' around the 20-cent levels for other reasons. We've all seen the blatant sell-side capping and the willingness of some large holder(s) to sell into the strength following the excellent Walyering 7 results and The Australian article (about Gina building towards a 5% position) to prevent any upward momentum. Spreading this "impending capital raising" narrative is one component of their overall strategy, IMHO.

Expand

Should be fixed shortly with the Se1 update. Share prices fluctuate unless managed like this. T/o strategy is so apparent, the only question is when the big whale comes up to try and feed? Hope she misses out to a rival

Last edited by wot: 18/06/24

STX Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

HLX

Helix investor makes partial takeover bid, proposing board changes

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

There are more pages in this discussion • 71 more messages in this thread...

First 152 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 19.5¢		Change 0.000(0.00%)		Mkt cap ! $558.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	2720	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	40553	2

View Market Depth

No.	Vol.	Price($)
1	2720	0.220
1	30075	0.210
2	200087	0.205
6	226772	0.200
3	351523	0.195

Price($)	Vol.	No.
0.200	485947	12
0.205	428491	6
0.210	440073	10
0.215	3033257	11
0.220	418656	7

Last trade - 16.20pm 30/08/2024 (20 minute delay)

STX (ASX) Chart

Day chart unavailable

Should be fixed shortly with the Se1 update. Share prices...

Helix investor makes partial takeover bid, proposing board changes

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Lendlease sells off US east coast construction operations in latest global divestment push

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Should be fixed shortly with the Se1 update. Share prices...

Top Stories

Helix investor makes partial takeover bid, proposing board changes

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Lendlease sells off US east coast construction operations in latest global divestment push

The Calmer Co’s Anthony Noble reflects on record breaking FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News