I suspect the flow rate won't matter much on the day it's announced - the market is almost bound to 'sell the news'. We are, after all, trading at a 30 per cent premium to the CR.
The flow rate will, however, matter big-time in the medium term. If it's as good as we hope, it will underpin a resource upgrade that can only build value.
One can only stand and applaud Strike's news flow and communications strategy; one is almost breathless from 8.30 each morning in anticipation of 'today's news'. The net zero announcement was beautifully timed to fill the flow-test vacuum. I hasten to add the comms reflect a solid strategy and tactical execution. I suspect we are in on the birth of a great Australian company here.
Jaws? Was a movie, wasn't it?
OOO
I suspect the flow rate won't matter much on the day it's...
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20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $587.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.3¢ | 20.0¢ | $1.823M | 8.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1249073 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 269971 | 4 |
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| STX (ASX) Chart |