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Ann: West Erregulla Adds A Further Signifcant Gas Discovery, page-159

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watsom1

243 Posts.

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07/09/19

11:29

Post #: 40347978
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Originally posted by Holding: ↑

This weeks’ slide in the value of STX was a disappointment, but not a disaster or an embarrassment for me. Possibly it has been for some share-holders. Here are some lessons I have learned:

No matter how strong the buy sentiment, don’t advise relatives and friends to buy. They will forget the cautions (DYOR etc) and only remember you advised them to buy. I have a friend who feels responsible for a divorce – a few years ago the husband listened to my friend and became convinced of the great potential of STX and put $400k of joint savings into STX when it was in the mid 20s. The share price then began a long term slide.

Don’t keep the wife or others updated with every positive sign or announcement. There have been so many disappointments from STX over the years – good news can be greeted with indifference from the market, or even a slide in the share price. It does seem that optimistic announcements from the oil and gas sector are seen as having no substance unless they are backed with strong evidence

It’s only when shares have been sold at a profit that there is a realised gain – any celebration before then may be premature.

I mainly follow HC for the great information sometimes provided by the knowledgeable contributors. It has been disappointing recently to see posts by great contributors misinterpreted or misunderstood by some of the new posters, leading to wasted time by the original contributors in composing replies, and for the rest of us in having to read through useless posts. It may be smarter to just check the threads once a week, skipping over the posts that don’t have many likes.

As a long term holder (> 1m shares), I’m not considering selling even part of my holding under $1. It could take several more years for STX to reach it’s potential. Remember that management have an objective of becoming a mid-cap, which translates to a share price of around $1.50 or more. The recent success reinforces the likelihood of this objective being reached.

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Holding and Adaltiora,

Thank you for putting everything into perspective. There has also been an overwhelming amount written on HC about PGY and KEY. Do you believe there is a flow on affect to PGY and KEY. Your comments would be greatly appreciated.

STX Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 20.0¢		Change 0.015(8.11%)		Mkt cap ! $573.0M

Open	High	Low	Value	Volume
19.0¢	20.5¢	18.8¢	$1.839M	9.285M

Buyers (Bids)

No.	Vol.	Price($)
15	1895959	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	157824	3

View Market Depth

No.	Vol.	Price($)
7	957296	0.195
13	1752658	0.190
9	1083513	0.185
20	2364981	0.180
24	1386529	0.175

Price($)	Vol.	No.
0.200	157824	3
0.205	2071335	23
0.210	1545302	15
0.215	299189	8
0.220	1090125	13

Last trade - 16.10pm 13/09/2024 (20 minute delay)

STX (ASX) Chart

Ann: West Erregulla Adds A Further Signifcant Gas Discovery, page-159

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

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Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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Ann: West Erregulla Adds A Further Signifcant Gas Discovery, page-159

Top Stories

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Featured News

Buyers (Bids)

Sellers (Offers)

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