STX strike energy limited

Looking forward to Q3, page-3

  1. 1,711 Posts.
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    Little old Strike (as it is currently) has some basic hurdles ahead of it chart wise.
    We have the 100 d MA at 7.1c to get above
    We have gaps at 6.9c and bigger gap at 7.8c
    These you'd expect to get sorted next week.
    What we don't want it STX languishing around this 6.5c level much longer.
    It was only Mgt that picked this level of 6.5c for the CR as one last feeding frenzy.
    You can't value STX on any form of intrinsic value, so what does 6.5c mean anyway.
    So why is it still trading at these levels ???

    My point is ... assuming a success at WE-2 - medium range estimates of P50 (meaning a more than 50% COS) would
    translate into P50 PR 458 PJ or >$500m (figures taken from pg 11 of the Ann "April 2019 Activities Update)
    So as we have previously speculated that >$500m (Strikes 1/2 share) for a WE-2 success equates to about 30cps. (low end value)
    So why are we trading at 6.5c ... when we are probably 30 to 40 days from knowing the result of WE-2
    Within 10-12 days we will be at circa 2200m and testing the Cattamarra Oil Target.
    That target by itself mean little but my point is .... IMO ... for a spec stock ....
    you'd be at about 30% of the anticipated value 30 days out . Meaning 10c (if the upside starts at 30c.)
    and 10 days out you could expect 50% or 15c .
    Meaning we have a long ... almost impossible steep climb ahead .
    This 6.5c is Bullshit i tell you !!!
    That is of course unless the COS of 69% is not believed by the Market ...but in contrast .. the Directors loaded up at 6.5c
    So they believe in the 69% COS and the 30c upside.
    i know it sounds like rabble rabble .... but we shouldn't be trading at 6.5c . Someones playing games !!!
    something is not making sense.
 
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(20min delay)
Last
15.5¢
Change
0.000(0.00%)
Mkt cap ! $444.3M
Open High Low Value Volume
15.5¢ 15.5¢ 15.0¢ $287.3K 1.882M

Buyers (Bids)

No. Vol. Price($)
10 829678 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 1628142 20
View Market Depth
Last trade - 16.10pm 11/07/2025 (20 minute delay) ?
STX (ASX) Chart
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