daytrades feb 19 afternoon, page-45

STX: check this out.

Hartleys rates it a buy today with a target price increase from 42c to 50c!

Hartleys Initial View
Strikes exploration record in the USA is nothing short of outstanding and cannot be understated. These wells are high impact and add significant value to the Company. This is especially important due to the strong pipeline of growth assets that the Company has.

Strike was already well placed to fund these projects, with several options available; however, the likely early cashflows from the new discovery mean that possible dilution via the issue of equity has now reduced substantially.

Our price target has increased from 42cps to 50cps based on the likely success of this discovery and we will look to fully value this once production rates have been established.