STX 2.13% 23.0¢ strike energy limited

Jaws Fracking, page-33

  1. 5,348 Posts.
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    STX has two projects now.

    I think the company has never been cheaper based on the fact that Jaws1 is right in the final stages of being completed. The majority of the risks have passed.

    We also have what appears to be a world class asset in WA (If analgolous to Waitsia project)

    Yet the company is still worth around 80m, and has traded between a 60-90m market cap for years.

    On that alone you can say it is inexpensive relative to where it has been previously valued because the company is in a far better position in almost every aspect than it was previously.

    IMO
 
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