Ann: 3Q FY24 Quarterly Report & Appendix 5B, page-230

I will neither confirm nor deny whether I have toots on ignore but I am sure you can guess

I had mentioned this a few days ago. SN had confirmed with me that the CSBP contract is subjected to industry standard repricing mechanism but didn't go into the specifics. My take on his comment is that the realised price for that 100PJ of gas will be a lot more than what most of us are thinking. Macquerie recently published an update where they assume the realised price for this contract will be $5/GJ.

This was published on the 3rd April...


Hope that helps

I haven't been posting as much because there hasn't been much development to comment on and I don't really bother to post just for the sake of it. My thoughts on this company haven't changed since the updated valuation I'd shared after SE2/3 failures, which is why I can disclose that my STX holding is now at an all-time high with all my purchases over the past couple of months. I spend a lot of time modelling this company. I won't bother putting all that effort in and not back it up with my money Of course if I am wrong, I also stand to lose a truckload, but that is somewhat cushioned given the profits I had made from successfully trading this several times in the past 18 months.

Also, there has been so much (negative, irrational) noise around here that I just don't have the patience or the energy to keep up the fight so to speak. JD seems to be doing an excellent job - many thanks to him of course.

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