STX 8.33% 26.0¢ strike energy limited

AC87, with energy markets as they are I suspect investors need...

  1. 5,347 Posts.
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    AC87, with energy markets as they are I suspect investors need full confirmation of commerciality and a forward path to success to risk their capital. Not like the old days of speculation and volatility as each milestone is ticked off.
    Make no mistake though. The value will ultimately be represented in the share price if they can get this to the end game.
    David baker buying more shares just adds to the intrigue. You would have to think they like what they are seeing to be dropping another $65k on it.
    It also suggests that they are at least a few weeks off material flow announcements as the directors would probably not have a window to buy shares too close to meaningful news like that I would guess.

    I would think they are starting to get a fair idea of what their modelling will look like though with these early gas flows and having ramped up the pumping rates about 2 weeks ago.

    IMO
 
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