I would be happy now for STX to hold all future exploration drilling and just focus on delivering increased sales through the Walyering gas plant. The current strategy is just burning cash. Let’s pause for a while, stop the cash burn and allow a couple of positive quarters to strengthen our balance sheet. There appears to be no value attributed to reserves in the ground in this current market so let’s hold until that changes.
Ann: Highly significant gas discoveries at Erregulla Deep-1, page-292
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 22.0¢ | $2.241M | 9.857M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101934 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 632617 | 8 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| STX (ASX) Chart |