STO 0.45% $6.72 santos limited

Can STO survive, page-848

  1. 420 Posts.
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    Long time holder here, first time poster on STO! Have held this puppy from 2008 to present.

    2008 - 2014 take a look at the chart and sub $10 seemed impossible, inconceivable!

    The gas was going to come on board, 20 year off takes in place, this was a $20 stock, just ask most analysts at the time!

    Unbeknown to me at the time, I 'fell in love' with this thing (only twice fallen in love, STO & SGH, 2 great lessons, one gone, one still held) and on the slippery slide down continued to average down the whole way, participating in raising after raising that appeared to be the low (surely this time!)

    So, can STO survive is a question that is and has been asked many a time, trust me! Particularly in 2015 at $2 odd with an average entry circa $7.

    So here we are, starting with a $2 again, albeit temporarily this week. When i cut the cord on SGH at 40c (from $6) there was genuine fear and belief that it would and could collapse. With STO, some may say still blinded, but yes i think it can survive and head up from here. How high who knows, certainly not back over $10 anytime soon, not given the dilution, we would need $200 oil for that, at a guess. A couple of dollars higher on t/o maybe!

    A big thanks to all the contributors here, particularly VH, IMO you bring a great balance to this thread and factual clarity to both sides of the argument.
 
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$6.72
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