Bottom of the Barrel Valuation, page-153

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23/02/24

16:13

Post #: 72565072
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Originally posted by invertedva: ↑

I hear you Hardcash. Strike have done a pretty job of keeping the share price at a decent level this past year whilst maintaining forward momentum in an operational sense. And I can't help but think any predator has been waiting for exactly this kind of stumble. I wouldn't be surprised if they haven't given the share price a little push.
Although the currently low share price provides a predator with an opportunity, I don't really see us in a weak position from a fundamental position. We are a self-financing producer with significant exploration upside. Therefore, I don't think we lack leverage or need to cut any sort of deal while we still can.
But you could be forgiven for thinking otherwise looking at the share price and trading action. We are trading like a small explorer after a duster not a mid-cap producer, who has other assets (also SE 2/3 aren't dead yet).
I also note the very obvious share price cap that has been put in place at 22.5 cents in the past 15 minutes or so.

I think the quarterly will go a long way to revealing the underlying strength of Strike. It will be the first time we get a full quarterly of Walyering production appearing on the cash flow statement. We can only pray we also get an update on SE. But I am not getting my hopes up too much, because if they are consulting external experts, this will take time. Also, without active testing underway, what new data could the have realistically gathered?

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The data from additional equipment being brought on site for Se2. Equipment that may allow it to flow.

STX Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $572.1M

Open	High	Low	Value	Volume
20.5¢	20.5¢	19.5¢	$560.2K	2.795M

Buyers (Bids)

No.	Vol.	Price($)
25	459881	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	3421154	49

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No.	Vol.	Price($)
23	443482	0.200
73	3446599	0.195
54	2951398	0.190
35	1441737	0.185
35	1091844	0.180

Price($)	Vol.	No.
0.205	3421154	49
0.210	1443315	16
0.215	302999	9
0.220	893481	27
0.225	1051011	14

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Bottom of the Barrel Valuation, page-153

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Bottom of the Barrel Valuation, page-153

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