I have said this before. My view is that STX will sell its 50% share of WE to Min for a significant sum. This will allow STX to fund its share of project Haber and continue to be a significant gas player in the domestic market. Gina will trust Min to build the gas plant and she wants to go big and export LNG. These are big hitters and I am sure that they have the contacts ito bring about a change in the onshore gas policy.
If Min wanted to T/O STX it would have moved earlier than this with a script offer. I Think STX want cash to fund its ambitious gas strategy and this deal would solve the concerns with capital markets.
it will happen quickly if SE2 is successful.
Minres speculation, page-6
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $586.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $1.799M | 8.954M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 667539 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 506260 | 11 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
20.3¢ |
Change
0.000 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| 20.3¢ | 20.5¢ | 19.5¢ | 3597838 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| STX (ASX) Chart |