Ann: Managing Director & Chief Executive Officer Appointment, page-290

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13/06/25

15:44

Post #: 79425227
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Originally posted by KeenDog: ↑

Just remember like all the holders on here I'm biased LOL!

Realistically Strike’s non-SE/WE portfolio could realistically fetch $315–360 millionThis estimate includes risk-adjusted discounts, realistic in-ground pricing, and assumes rational buyers, not fire sales.

Walyering - $55-60M (41PJ)
Ocean Hill - $80-90M (306PJ which is currently only 2C
Peaker Plant (discounted NPV) $160-180M
Everything else $20-30M
ED not factored in as yet awaiting either 2C and/ or 2P

So in utopia someone buys STX all and sundry we get 0.416 per share or $954m but here is where reality sets in as i can't see the strategic rationale for buying the other assets when the only really decent asset is WE/ED the rest are piecemeal with OH a possible ray of sunlight.

Certain this is why 618 has broadcast the need to sell WE as quickly as possible to turn that money into drilling at OH and the other permits with a view to monetise these either by selling gas into the domestic market or even replicate the Peaker Plant. Either way we're a long way from the "look through" values that were around pre-SE drill failures.

Footnote: I'd also expect a partial return of capital if WE is sold.

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I don't think I have been broadcasting loud enough! Now that PS has officially started, I will be politely putting that udea to him with the only caveat being Hancock realistically willing to develop WE within the next 12 months. Else holding WE any longer will only continue to be detrimental to the NPV of our equity.

618

STX Price at posting: 15.8¢ Sentiment: Buy Disclosure: Held
8 Upvote

1 Great analysis

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(20min delay)
Last 12.0¢		Change -0.010(7.69%)		Mkt cap ! $395.7M

Open	High	Low	Value	Volume
12.5¢	12.8¢	11.8¢	$2.200M	18.13M

Buyers (Bids)

No.	Vol.	Price($)
20	1699945	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	3927797	12

View Market Depth

No.	Vol.	Price($)
20	1699945	0.120
40	2732402	0.115
35	2310680	0.110
16	941205	0.105
25	1065405	0.100

Price($)	Vol.	No.
0.125	3927797	12
0.130	2504902	13
0.135	6032745	19
0.140	3196422	24
0.145	1898349	13

Last trade - 16.10pm 30/07/2025 (20 minute delay)

STX (ASX) Chart

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