STX 4.35% 22.0¢ strike energy limited

"Why did BPT insist on that break fee? "You are asking the wrong...

  1. 937 Posts.
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    "Why did BPT insist on that break fee? "

    You are asking the wrong question mate. Why did WGO accept it? Just an arbitrary claim which BPT got away with. Donald thought by accepting it he would create some competitive tension. Which is what happened but he set the baseline too low.

    Yes cost involved. Market hates uncertainty. Give it time to settle down. The intrinsic value of STX (after we convert prospective resources into reserves) is highly underestimated. Bell Potter sticking their necks out at 45c. Thats conservative in my opinion.

 
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