Hi All
Well at least we can look forward to having "some out of the blue news" which might change the downward trend. Our management is pretty good at providing that type of announcement to the market and it is something I think we are all hoping will happen to get the shorters off our back.
I didn't invest IN STX long term for nothing. I invested in a company which is making money every single day, week in and week out. I Invested in a company which is adding to a portfolio of income streams. BTW are we going to be a company which has multiple Peaking Plants throughout the PB? I hope so - because the gas sale returns will IMO be higher on these sales on volume sold than if we export our product - and if we have made a credible effort to satisfy the local supply market then we should also be able to export. Build one Peaking Plant and get it right - the next ones will be cheaper.
We can operate OH and other production fields remotely from West Perth. The technical capacity is already built into the Hub from when Walyering was created. Learning from this - maybe the oversight of a whole chain of Peaking Power Plants and the technical backend could run through South Eregulla Precinct. The Shire of Three Springs would love to have a new employment stream in the area as well.
@Von Yeol huge thanks - because I did a double take when I read the posting from Hingdog. Earlier today, while I digested Hingdog's post with some retail therapy, I thought about why I invested in the first place and why I have increased my holdings while the price is down. Would I have looked at the SP graph and made the same decision. Most likely the answer is yes. The actual fundamentals have not changed. We have a strong management team, a great product, IP, commercial knowledge gained through experience, future exploratory leads and strong fundamentals. Our share price is simply down because we are being shorted. It is just that simple to me. I don't like the share price - but it is where it is. (Yes I know someone out there will throw in SE 2 and 3 - well, you roll the dice and sometimes it does not go your way)
If you really have a question - you can contact the company, and they will speak with you. How many companies could you invest in and actually speak with them - not so many I would think.
ED news should be out in one to two weeks' time. If the news is good - cross fingers - then I think a Pub table with some food with STX's name on it might just happen to be organised for celebrating the occasion for any interested SH's.
(20min delay)