The government has essentially said it is willing to supply $15-20 million per year for five years (???).
That's $75-$100 million handout from the government. The market cap is <$500 million. The share price doesn't move.
The finance is in place. The generators are lined up.
From the original announcement:
Ann: SE Power Project Awarded Certified Reserve Capacity, page-73
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $587.4M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.8¢ | $921.8K | 4.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 431071 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1685893 | 27 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |