agreed ... LG is not beyond flowery commentary and because Shaw's keep popping in the BS antenna is very nervously alert.
at this stage though, from a project perspective, LG et.al have not strayed very far from the classic disciplined engineering fraternity : seemingly diligent DFS; forward offtake agreements putting at least a floor under revenue stream; transparent project execution.
given the dfs tagged an NPV around A$700k; capex looks to be in a box and dfs budget broadly holding then I'm sort of looking for STA's market cap to near that as they progressively near commissioning. and the last time I had a guess, I'm expecting after they commission this plant they are likely to have A$100 ~ A$150m in the bank.
i'm quietly watchful of Tanzanians assets ...
taking this into account, I'm not sure STA's MC is in stupid territory or priced on the basis of market Nirvana.
lastly, it's conceivable that ILU might still be interested ... i think its a little too soon to say never
have a great day!
STA Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
(20min delay)