Before I go too much further,.please elaborate upon;1..walyering...

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16/03/24

23:10

Post #: 72924230
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Originally posted by J L: ↑

Here is something for you to think about.

I have looked at the Conference Summary and read your posts, and this I have concluded.

Walyering's production is now fully contracted.

Its production capacity is 91 PJ or 91,000 TJ or 91,000,000 GJ

Aspirational output is 40 TJ/D

Therefore, it has 2275 days' supply. i.e. equal to 6.23 years supply

91,000,000 GJ X $7.6/GJ = $691,600,000/6.23 years i.e. $111,656,000 PA Gross

Shares on issue 2,532,000,000

Gross earnings per share PA = $111,656,000/2,532,000,000 = 4.4 cents per share per annum gross.

And that is gross income.

Nothing to write home about, is it?

Note the Diluted earnings per share for half year ended 31 December 2023, below.

Another interesting point is that the average output for January was 20 TJ/D even though it had a few good days. That better not persist.

Based on this I have concluded that, as a company solely dependent upon Walyering at the moment, is not worth a crumpet to the SH.

Walyering's only purpose is to keep the company alive and free of CRs while they chase W7, West and South Errengulla. And that doesn't look like a shoo-in at the moment.

STX SP might struggle a bit for a while.

A TO at the moment? You might be dreaming.

What you have purchased is a huge casino chip, hoping that you will hit the jackpot somewhere down the track.

Of course, I can't vouch for the figures, and it is all only MO.

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Before I go too much further,.please elaborate upon;

1..walyering production is now fully contracted. Please cite contracts and volumes.
2. Your definition of production capacity and how you arrived at 91pj
3. Your quote.....Walyering's only purpose is to keep the company alive and free of CRs.... Are you sure that on reading your own comment...that this still makes sense to you?
4. The average daily output at Walyering has been explained repeatedly. Are you not across the rationale?

i share your view that stx is not a lucrative TO proposition.

but sadly I seem to be wedged between the outright ludicrous downrampers on one side, and the irrationally exuberant and deluded spruikers at the other extreme.

There's a stealers wheel analogy in there somewhere I'm sure.

keep contributing for sure.....but your statements are presently riddled with errors..i'm not sure if you think others ascribe any credibility to your rationale and numbers....but you'd be as optimistic as they are were that to be the case.

STX Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
18 Upvote

1 Great analysis

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