Cottesloe Beach Hotel STX Audio, page-33

Is this not all in the spec game? If we had proven rates and comm success we would not be talking about the SP at 0.115c ... Every individual needs to asses their risk/reward. If you wait for comm success and do not participate in the SPP then you will be buying at an extremely higher premium. For me the potential reward and how far it has been de-risked to this point is well worth the risk. IMO the current SP is very cheap considering strikes position at hand. In addition, I dont see anything wrong with how the CR was handled. Nobody likes a CR but unfortunately its part the parcel with a speculative. If strike reaches its goal of becoming the next big O&G mid cap, the financing model going forward changes.