...all the more reason why I wonder about the logic of the placement @ 26 cents?? Surely after strong gas shows at flint we should have waited and taken the chance that flint would deliver and then placed the shares at at much higher price?
I acknowledge there is no guarantee that flint will come through but even if it doesn't STX would still be able to place @ 20-24 cents on existing production/activity.
All they have secured by going now instead of after flint is an extra 2-4 cents......I can't see how the extra upside to stx was not worth the gamble to wait???
An opinion only!
HC
did you punch the craap out of the calculator, page-4
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