STX 0.00% 21.5¢ strike energy limited

Ann: Jaws Pilot Update, page-111

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  1. 1,159 Posts.
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    I share the same thoughts as Rolla , and a few others.
    Jaws was a high risk unique deep coal play, that despite getting the experts in, is most likely technically flawed.
    As Mrdin points out the sand in the well bore is more likely unsupportive coal geology than out of control damaging massive gas spike.
    a Jaws failure is nobody's fault.

    Lets face it ! . Even Management had this thought and IMO why in order to preserve / prelong the Companies future .... took out an insurance policy by expanding the WA permit presence. This is a common strategy to keep the music playing so hats off !

    With a double down focus now on WA. Lets hope it produces someone real or ??? a Penny Dreadful STX will become.

    So why not sell i hear Rexsh again yelling whilst peering through the top of his rose coloured glasses. It obviously too late to sell when you are at this double down point ..... you just have to wait for WA to be drilled and see. A high risk stock like STX you put the money in knowing the real risk of not getting it back. That is the nature of all or nothing stocks. You want access to a multi bagger, well sometimes all you get back is a bag of dog S@$T.
    Its nobody's fault. Mgt are trying their best !!! Its the nature of these stocks.



 
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