It will be interesting to see how this trades on the back of...

It will be interesting to see how this trades on the back of this news today, as it is very material, both as a discovery and resource in itself, but also because of the implications for the highly synergistic and profitable Haber project.

Likely a down day overall, but gas seems to be getting support at all levels due to rampant energy shortages (even calls to reopen coal fired power stations) to the extent they are even calling on Chalmers to restrict exports (not such an issue for STX as they are already there), but also that gas prices are likely to increase from here.

Macro winds and excellent results seem to be favouring STX. but the sp price keeps getting pushed down. Obvious reason seems to be someone wants it so, and making quite an effort to do it so we're on someone's radar, big time. For example its been pushed down at the close every day for weeks, and before good news like this comes out they make a concerted effort to drive the price down, presumably so any bounce just takes it back to where it was before the news..? Just look at how many positive developments have occurred in the past few months, with almost no sp impact.

Hopefully this is the start of a rerating by bigger players to push through larger volumes to make the predator either pay up big time for their efforts, or flush them out to make a bid. I'd rather they just get on with it and let the market determine a fair price (as the ASX promotes it is in place to ensure) because it is so obviously far north of where it currently is. Let the games commence.

(..and speaking of games, it made me laugh that they underlined their "100% ownership" of the asset. Clearly all is still not well between STX and WGO).