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21.0¢ strike energy limited

Thanks 618, always appreciate your analysis. Just a thought -...

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roosters75

103 Posts.

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27/08/24

10:34

Post #: 75390184
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Originally posted by 618: ↑

By increasing the COS from 50% to 75%, it has increased the risked NAV for ED1 from 4cps to 6cps, and increasing overall valuation from 41cps to 43cps.

Given STX only had 25% of Booth and it was only risked at 10%, the risked NAV for Booth was less than 1cps, so failure of Booth had negligible impact on the overall valuation.

Even though my valuation is about 25% higher than those of Bell and Euroz and they are the pros, I'm still confident in my model. Even if I am wrong by 25% and the fair value is 33cps, there is still a 100% upside based on current SP. That's why one should actually be happy about the SP cos IMHO, it really does present one heck of a buying opportunity.

618

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Thanks 618, always appreciate your analysis. Just a thought - are you accounting for the potential increase in reserves from NSAI? 1TCF as per Mir’s post!

STX Price at posting: 19.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 21.0¢		Change -0.015(6.67%)		Mkt cap ! $601.7M

Open	High	Low	Value	Volume
22.0¢	22.5¢	21.0¢	$1.393M	6.439M

Buyers (Bids)

No.	Vol.	Price($)
13	833597	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	1173079	4

View Market Depth

No.	Vol.	Price($)
13	833597	0.210
33	1357110	0.205
25	1648101	0.200
17	656873	0.195
29	1603822	0.190

Price($)	Vol.	No.
0.215	1173079	4
0.220	2393975	7
0.225	1637488	25
0.230	4146358	27
0.235	1010867	17

Last trade - 16.10pm 03/10/2024 (20 minute delay)

STX (ASX) Chart