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
0.000(0.00%) |
Mkt cap ! $657.9M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $2.348M | 10.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 513192 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 538928 | 21 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |