STX strike energy limited

Ann: Change in Substantial Holding for UIL, page-3

  1. 1,711 Posts.
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    I think you will find is a cross deal. Meaning STX buys out UIL and the major players of UIL participate in the CR. The upside to the majors in UIL is the Jaws short term upside in the SP. Overall benefit is both companies combined are bigger and now have multi plays East and West. Strategically its good. IMO a deal like this is done to benefit both sides. I think next week we will see positive progress in Jaws = more coal coming into the desorb window. Flow rates are less important ATM, we just need to know .... more coals % are being desorb = the horizontal frack is doing its job. Without that re-assurance, it undermine the entire horizontal frack theory, as STX have tried everything else. I trust this data is released in the anticipated ann and it will contain sufficient data to maintain faith in the technology. Stephen Bizzell from UIL must believe in Jaws to hand over both shares and cash. I always say follow the money. Patience required till next week. What we have sen this week on market is just people playing around the edges. Insignificant IMO. 
 
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(20min delay)
Last
14.5¢
Change
0.000(0.00%)
Mkt cap ! $415.7M
Open High Low Value Volume
14.5¢ 15.0¢ 14.3¢ $149.5K 1.028M

Buyers (Bids)

No. Vol. Price($)
23 2076468 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 3289622 41
View Market Depth
Last trade - 11.59am 07/07/2025 (20 minute delay) ?
STX (ASX) Chart
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