Just reading the Annexure A .... over the years MHC has pumped in several million $$$ with an average of approx 10c. MHC hasn't been lucky with STX, as yet !!! Bizzell is a shrewd character, he put $600k in the 11.5c CR (plus his UIL shares) .... and $150K into this raise at 6.5c .... that's why my money is staying in too !!! He was right with BOW Energy and lets see if his shrewdness is why he has rolled into STX via the UIL takeover. He has his UIL shares plus $750K injected in via the CR's into STX based upon an educated and informed bet that STX can get a + result at WE-2.
The current SP is rubbish, but lets wait and let the potential WE-2 results dictate the price. A success at WE-2 should be worth 30+cps to STX. Then the UIL acreage can be valued up as well, on spec. So 45 to 50cps is not unrealistic. Drill and see !!! - everything until then is Pure Spec ... as Hardcash would say !!! .
STX Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)