this raising was all about getting money as fast as possible in...

this raising was all about getting money as fast as possible in order to maintain project momentum!

STX can now use this cash to purchase equipment and plan further 4th & 5th generation wells - with very little business disruption!!!

If STX raised this capital from a public shareholder rights issue it would take weeks and cost much more to get across the line. In the scheme of things, it's a small raising. IMHO I don't think the small shareholders (me included) have missed out on so much that they have grounds for complaint...a bit of of a whinge maybe, but that's where it should end.

Let's keep our eyes on "the bigger prize" and be appreciative of the fact that STX has a number of significant, very loyal, very generous shareholders who are happy to throw the can around and quickly collect $6.8mil to keep this baby humming!!!

HC