Shouldn't you be crying that this STX Dec quarter had 2 production wells SE3 and SE2 drilled by what looks like 25 million dollars which looks to me like a bargain ? Another 3 mill went to a loan to TPD which they retrieve back when the takeover was complete. They definately didn't drill 2 wells this JAN quarter so the cash burn is not the same. And the 50 mill a year will easily fund their future exploration as WE they only need to pay 50% of the drill even cheaper hey at 6 mil a well.
Your IVZ baby is costing 40 mil for a single well that the company is fronting in the most expensive part of the world to drill so stop posting cash burn nonsense. I have holdings in both so do know the risk of both stock yet you seem to not.
WA Govt Gas Policy Report Today, page-132
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $616.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.3¢ | $1.508M | 7.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1400246 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 236534 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |