STX - Strike Energy
- Thread starter markor
- Start date
-
- Tags
- strike energy strike oil stx
Listened to the Webinar today (30/07/25) ... 1/4erly report
Not sure what to believe anymore, but one thing for certain, STX does possess some really good assets, as has already been commented on by rcw1. The SR outlined project infrastructure to be delivered but neglected to document properly where the coin was going to come from, perhaps options, advantages and disadvantages, to pay for everything especially the massive overruns. All of sudden panic stations and then wham bam uncle sam ...
The Webinar cleared some air on the stuff. Some big mistakes made in the past!!! Allot of work needed to fix this **** show.
What's done is done. Gotta look seriously at where we will all be going forward, with the cards we all have been dealt. ... no use worrying about spilt milk, so to speak. Have traded STX from the get-go, oh they have disappointed me so. SP as anyone would have anticipated is down to placement price of $0.12 ha ha h aha ha madness ...
Gotta plenty to lose with this baby ...
Daily
Not sure what to believe anymore, but one thing for certain, STX does possess some really good assets, as has already been commented on by rcw1. The SR outlined project infrastructure to be delivered but neglected to document properly where the coin was going to come from, perhaps options, advantages and disadvantages, to pay for everything especially the massive overruns. All of sudden panic stations and then wham bam uncle sam ...
The Webinar cleared some air on the stuff. Some big mistakes made in the past!!! Allot of work needed to fix this **** show.
What's done is done. Gotta look seriously at where we will all be going forward, with the cards we all have been dealt. ... no use worrying about spilt milk, so to speak. Have traded STX from the get-go, oh they have disappointed me so. SP as anyone would have anticipated is down to placement price of $0.12 ha ha h aha ha madness ...
Gotta plenty to lose with this baby ...
Daily
- Joined
- 30 January 2013
- Posts
- 224
- Reactions
- 454
After a week thinking about it i sold my holding Monday just gone for 27% loss, I think there are 1 or 2 more surprises to come. I will monitor and if I see the board change get rid of some of the exec, and everything is out in the open I will reconsider. Put my capital into BOE 
yep... rcw1 probably should have tooooooooooooooooooooooooo anyways rcw1 didn't ...
the gas supply @ walyering production of 25 TJ per day ... wonder how long for ... if falls below, STX will need to source elsewhere to compliment gas contract with Santos and that other mob, name escapes rcw1 and two
West Erregulla... Hancock Energy's continued footdragging ... but rcw1 reckons Gina will need more gas ... at some stage short - medium term. Maybe not, but Gina is into making money WE has good commercial gas incentives ... the flow still needs to be tested though
I will monitor and if I see the board change get rid of some of the exec, and everything is out in the open I will reconsider. Put my capital into BOE
good fortune bloke
Kind regards
rcw1
- Joined
- 28 August 2022
- Posts
- 9,231
- Reactions
- 15,112
For a company that could be delivering much, its SP leaves a lot to be desired.
Dropped my holding some time ago as I could not see a light, any light in the tunnel.
- Joined
- 30 January 2013
- Posts
- 224
- Reactions
- 454
@farmerge
Light at end of tunnel is CVN coming in and shaking things up,
Waylering I believe is in trouble, they had the ability to transport another 9TJs per day through the bypass at Mondarra, the have as of yet not sent one molecule through.
The other thing that worries me greatly is their foray into building a Peaker Plant, what expertise do they have in building this, have they hired someone with the expertise to build this? Good idea just again very poorly executed, already found a ~$20 million hole in the budget.
Strike is no AGL, Origin or AGL, they are a gas explorer and producer, a lot of companies have strayed out of their lane and been punished.
Light at end of tunnel is CVN coming in and shaking things up,
Waylering I believe is in trouble, they had the ability to transport another 9TJs per day through the bypass at Mondarra, the have as of yet not sent one molecule through.
The other thing that worries me greatly is their foray into building a Peaker Plant, what expertise do they have in building this, have they hired someone with the expertise to build this? Good idea just again very poorly executed, already found a ~$20 million hole in the budget.
Strike is no AGL, Origin or AGL, they are a gas explorer and producer, a lot of companies have strayed out of their lane and been punished.
- Joined
- 3 May 2019
- Posts
- 6,837
- Reactions
- 11,059
Looks like the share price will be contained for a while with these dates. A long drawn out procedure.
Looking at the long term chart, anything under $0.15 looks cheap.
I'm sure an opportunity will surface before the end of September.
I've mused that with the entities involved, $0.20 is a fair target before the end of the year.
I've entered at $0.1175 today fwiw, in the Superannuation account no less.
Looking at the long term chart, anything under $0.15 looks cheap.
I'm sure an opportunity will surface before the end of September.
I've mused that with the entities involved, $0.20 is a fair target before the end of the year.
I've entered at $0.1175 today fwiw, in the Superannuation account no less.
- Joined
- 30 January 2013
- Posts
- 224
- Reactions
- 454
@frugal.rock good luck mate, I personally do not think all the news good and bad has been made public yet.
Case in point they had to re-issue the dates in the above notice so they could get the SPP out to be included for the EGM lined up with appropriate timings. At least they now have a CVN appointed board member who hopefully will bring a bit of professionalism to the board.
Case in point they had to re-issue the dates in the above notice so they could get the SPP out to be included for the EGM lined up with appropriate timings. At least they now have a CVN appointed board member who hopefully will bring a bit of professionalism to the board.
- Joined
- 30 January 2013
- Posts
- 224
- Reactions
- 454
- Joined
- 28 August 2022
- Posts
- 9,231
- Reactions
- 15,112
I was but offloaded some time ago.
- Joined
- 28 August 2022
- Posts
- 9,231
- Reactions
- 15,112
Good arvo rcw. I have come down with a lurgy overnight, so much to try and do, within the realms of what can be done and not getting much done.
The tank is empty so I'm about to have a Dagwood Bumsted nap.
bbl
The tank is empty so I'm about to have a Dagwood Bumsted nap.
bbl
@farmerge
terrible ... The Board couldn't organise a P I 5 5 up in a brewery ...
After some major dilution and giving away 19% of the company at $0.12 per share they should be ashamed of themselves... certainly rcw1 got led down the garden path. They got the assets awaiting development, way too much this and that some fluff and spin and then ultimately no money to pay for generation of earn. budget blown to Pluto and stuff... don't start rcw1 ...
Kind regards
rcw1
- Joined
- 30 January 2013
- Posts
- 224
- Reactions
- 454
Sorry for you pain @rcw1 I hope there is an exit strategy for you in the near future.
I am glad to be out and found myself to less frustrated and angry for doing so
I am glad to be out and found myself to less frustrated and angry for doing so
- Joined
- 3 May 2019
- Posts
- 6,837
- Reactions
- 11,059
For the capital raising to be somewhat successful, the share price will at least need to be the same as the offer price of $0.12
If the the price meanwhile can climb above that, one could expect insto's to pile in.
They've got less than 3 weeks though for that to happen.
I'm not confident that will happen though.
Preparing for a longer hold...
If the the price meanwhile can climb above that, one could expect insto's to pile in.
They've got less than 3 weeks though for that to happen.
I'm not confident that will happen though.
Preparing for a longer hold...
- Joined
- 28 August 2022
- Posts
- 9,231
- Reactions
- 15,112
