I am afraid that ftroop is much closer to the mark than you. There is nothing to stop Hancock threatening to sole risk wells on WE and forcing STX’s hand.
On the gas processing STX could not raise the sums required on an equity raise at today’s prices. It be highly dilutive. If they needed say $250m it would be more than a third of the market cap. They can only use 15% without shareholder approval. 15% is
Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-244
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $530.0M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.5¢ | 17.0¢ | $2.155M | 12.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 851855 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 131078 | 7 |
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| STX (ASX) Chart |