Why would it? All miners do farm outs it is a fact of life. It is a trade off between given up some upside (laying off some risk) and preserving cash to do many other things. Prudent management I would say.
As you said this company has good management with a credible track record. I believe they would have done a deal which in their opinion benefits STX shareholders.
farm-out 10%........, page-3
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.8¢ | 23.0¢ | $3.083M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 825367 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 303948 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |