Not to worry, am a true believer that the market is a voting machine in the short term and a weighing machine in the long term. Will never forget missing the Hardman spike from 30-odd cents to $1 in 2001 IIRC (after they made the Chinguetti discovery), only to watch it fall all the way back to the pre-announcement level again not long after. It was a few years after that it started to move past $1 and beyond $2 as they approached prod startup at Chinguetti. In STX's case, they don't have the long lead-time of bringing an offshore field online. So with capex relatively low and return margin high, they should have been rerated by now. Of course, the market is a funny thing - especially when you have a few around the chat rooms calling doom and gloom, and the panic spreads.
Like I said a few months back to a knocker, let's talk about share price in 12 months time. If it is still around mid-20s, I will more than happy to eat my words :o)
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $616.0M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.0¢ | $4.542M | 20.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 343465 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 563407 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 680227 | 0.210 |
14 | 878187 | 0.205 |
16 | 1600122 | 0.200 |
20 | 1202513 | 0.195 |
29 | 1334836 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 517953 | 8 |
0.225 | 1943976 | 12 |
0.230 | 1974439 | 22 |
0.235 | 670357 | 14 |
0.240 | 2349819 | 19 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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STX (ASX) Chart |