kmmoon,
Have a look at some of the research on the company website to see the upside. Surprised to see it trading this low after jumping so many hurdles recently:
- endorsement by major gas consumer
- low funding/dilution risk through to proving commercial gas flows
Every step of this project has gone as well as anyone could hope (given realistic expectations of the time it takes to get coal seams to flow). Looking back, you can see what a tight rope STX set up for itself (i.e. in terms of timelines for drilling, Orica prepayments, and funding requirements along the way) and it has nearly got to the other side. Still, we've failed to crack the one year high back in July 2014. Its nuts really.
Strike Energy Progressing in the Cooper Basin, page-220
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Mkt cap ! $508.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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