Taking FID on WE was due Q4CY24. The Macquarie Tranch 3 was tailored for that project. It was conditional, and only one or two on here would be privy to that level of detail. In these types of lending arrangements, the cart is directly behind the horse. All boxes for finance get ticked, then FID.
It's a long time ago so just to remind everyone:-
Macquarie Tranch 1 - refinance existing debts due 31/12/24 and 30/6/25 + additional working capital. Macquarie Tranch 2 - SE peaker finance
I would expect that Tranch 1 and part Tranch 2 (one part remained conditional) would by now have been drawn down. Interest on Tranch 1 and 2 are capitalised so STX outgoings are now reduced to admin + exploration (which currently appears close to zero).
STX Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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