STX 2.33% 22.0¢ strike energy limited

WA Govt Gas Policy Report Today, page-88

  1. 10,189 Posts.
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    you mean the 3 milllion dollars a quarter your funny. They make no money the coffee shop down the road does more money in a quarter

    So this is your fundamentals:

    1. 3 million dollars a quarter
    2. 1 out of 4 wells is operational for gas production and hence is not feasible
    3. Cash on hand now down below 30 million
    4. Cannot use debt because it’s uncommitted and don’t have a way of paying it back
    5. Small resource
    6. 750 million dollar market cap

    Now from the above right now of a raise in March coming you have 12 cents more than likely coming in. 12 cents with a 100 million dollar raise makes it a 500 million dollar company. It’s not Downramping it’s just fact and IVZ have more money than STX on hand and has a resource 10 times larger in one area alone and same type of dry gas for a 100 million dollar valuation
    Last edited by Roch2077: 22/02/24
 
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