STX 1.16% 21.8¢ strike energy limited

Ann: Jaws Pilot Update, page-31

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  1. 1,360 Posts.
    lightbulb Created with Sketch. 556
    'Sand is stuck in the well bore'

    What is to stop them saying in a week 'whilst attempting to redress the issue we discovered that there was damage to x y & z'? Until the problem is fixed we dont know how long it will take or how bad it could be. Management will always push the easiest result but sometimes that doesn't always happen.

    Three days ago we didn't even know about the problem, two days ago we were told it should be fixed without a rig, now it requires a month and a rig.
    Notice a theme at all?
    In fact didn't Stuart tell someone a week or two ago that things were going well?

    Regarding dismissing cash concerns - who needs money when you have no income and two projects running concurrently?
    I suppose what does it matter if they issue another 100 million shares at 5 cents to raise another $5 mil?
 
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