STX 0.00% 17.0¢ strike energy limited

SA power outage overnight, page-26

  1. 2,263 Posts.
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    Potential upside figures mean absolutely nothing if they can't get gas out of the ground.

    You're better off spending your time analysing geological and production data to work out if this is actually viable. Only if it's viable, will it be time to get excited about potential upside figures.

    Relying on private chats with management where they've said they're confident, and oh we've had others look at it and everyone's confident, again means nothing. If they don't get results, they'll just say oh yeah we thought it would be ok but we assumed this and that, which turned out to be different. Oops, thanks for the funds over the years, but it's time to call this a no goer. By the way, here's the details of our new company and we have a potential resource that is 10 times the size of this one, come and take part it our float.
 
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