Ann: Response to Media Coverage - Non Binding Indicative Proposal, page-90

STX play has worked to a degree so far as the stock is still 10% under the script offer without Mongolian assets which actually reflects poorly on STX as you would think people would be rushing to buy as a cheap entry to STX. STX SP hasn't reacted positively either.
After all costs we were going to have $6m working capital left for the year.
I think we maybe in cash trouble from cost blow outs and production delays.
It may not be imminent but we do have a lot of capital to spend on L7 and drilling was anticipated for 1st quarter and required basically one quarter of production to pay for it.

We will know soon but I do feel STX knows more than us plebs and it seems very opportunistic.