i think its just the market that is frustrating us. Ive been playing the market for ages now and i swear every one of the stocks I've held has been a TO target, and apart form the few CSG stocks i owned in the glory QLG CSG days, none of my other shares have been TO despite it feeling like someone was supressing the price.
The is all just my thoughts:
The new CEO has just come from Strike. I personally doubt he would have negotiated his current contract and KPIs etc and gone over with the knowledge he wouldn't be in the role for very long.
I also doubt they would take back 100% of Walyering after they went to the effort of farming it out for a few Mil. Yes they might be keen on Condor, but they could offer to farm into that later on. But i feel STX have so much underexplored acreage in the PB with more mature leads that i don't think they have the time or money to take on condor.
And with their large PB holding to date, i don't think Mongolia would appeal to them.
So i think we are just gunna have to keep sitting tight
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