Ann: Staggering Kingia Gas Discovery, page-541

I keep on reading this takeover talk. so i thought id let rip....

" Strike’s Perth Basin position may provide the foundation for the creation of a new mid-cap natural gas production company."
..from the GM preso, 2019, released after the Wagina, but before the Kingia king hit. Its in plain English. It signals the companys intentions, (which is one of the main reasons I bought). This is great news!!! at last we have a company that wants to value add!!!

Id much rather see STX take this on and succeed as an Australian company, rather than selling out to anyone else. So if we do get a t/o offer, as shareholders, we should all be backing current management and telling the suitor to go and suck eggs. Too many times we see people selling out, instead of backing local teams to create value, (value is created not just in terms of money, but also in expertise and experience which can be kept local and used to secure a future for our children). Selling to someone else will dilute the potential impact of this discovery...someone else will already have some pans on the stove and this will have to wait its turn or compete for attention. STX on the other hand as signalled it is ready to have a go.

Another point, STX has prime acreage, they'd be crazy to offload any of it at this stage, no one will pay for the real potential.

As shareholders, the best we could do is chip in with additional funds when possible to facilitate the organic growth of this fledgeling gas production company. We will be rewarded in future with fully franked dividends (for those worried about tax) and of course capital growth.

Each to their own tho...it is a free country and a free market (of sorts;-)

btw...Still kicking myself for not throwing the kitchen sink at this one (I've already thrown it elsewhere)