Yes, and 1&2 above require debt and who will lend to STO with its current balance sheet. Therefore only way would be another CR and not sure anyone would be able to stomach that.
And this has been my whole point all along is the debt level and when the majority is due and what terms any rollover would be on. They didnt hedge either commodity price or for fall in aud - and those two events a few years back has had a catastrophic impact on the company going fwd.
Its not a matter of saying who could forsee oil prices dropping or aud falling from 1.10 to 70c its was about I've just levered up the company to the hilt so I must now protect for the future thru proper risk management and not gamble shlders money. They may have been the heros if it all worked out but you cannot invest and grow a company like that for the LT.
Just on pure company management w/out anything else the company is not worth investing in. You may as well go to the casino and pick black because that is exactly what this company did except the little white ball fell on red and in the red they shall stay.
STO Price at posting:
$3.56 Sentiment: Sell Disclosure: Not Held
(20min delay)
