Five points,
1. Thanks to those that sold shares to me at 15c today. Appreciate it..
2. STX want the TPD Perth Basin assets.... they will be back one way or another. Personally i hope they don't as i want to see a few drills results in 2024.
3. STX has to be careful they don't ruin their reputation with future J/V partners. Missing timelines and lowballing partners will have been noticed.
4. If a TPD Rights Issue is offered at a discount, I am in for more as the assets are still the same and the extra cash de-risks them further. The dilution is minimal for investors, but punters will whinge.
5. If STX drive there own share price down to 30c range I am very happy to buy back into them as that is all i think they are worth. Current $1bn mkt cap has a fair degree of hot air inside it. Until they can show they can operate projects competently, they will not trade at a premium.
Happy investing in the Perth Basin.
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