If STX is worth 80 cents purely based on 2P/2C reserves position, you would think it's actually worth much more considering the following differences to WGO (especially after TPD takeover):
- Operator of all permits.
- Largest permit holder in Perth basin.
- Largest reserves and resoures in the Perth basin - this will not be replaceable!
- 100% holder in majority of permits.
- Now a gas producer at Walyering.
- De-risked development at South Erregulla, given free-hold land and WA lead agency status for accelerated development. Development strategy already in place and progressing quickly.
- Massive amount of exploration upside.
- Strong cash position.
- etc.
This has to be worth a lot more than a simple look through value based on booked reserves. Surely we should be seeing a price well north of $1 for our shares. We just need multiple interested parties to knock out any low ballers, and realise a decent value.
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $587.4M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.8¢ | $921.8K | 4.574M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 431071 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 1685893 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 431071 | 0.200 |
9 | 1172185 | 0.195 |
14 | 1108659 | 0.190 |
9 | 1039949 | 0.185 |
19 | 1826434 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 1685893 | 27 |
0.210 | 975666 | 19 |
0.215 | 1406476 | 13 |
0.220 | 1095625 | 13 |
0.225 | 230238 | 6 |
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