Wondering when the Mondarra pipeline will be used and if sales can increase to the 33-40Tj/d they speak of. Good uplift in revenue.....
Also OH seems to be the biggest uplift item from here, particularly if sale near-term(?) so can't understand why that is not being pushed more, and quickly. Maybe they are trying to preserve cash, but if all else is funded, then free cash flow of some $15m/q (ex dev + exploration costs) could see it funded pretty quickly. Even better if Mondarra being utilised. Maybe they are really keeping cash flow management tight to avoid a raise and / or cut-off desperation sale situation, but still, I'd like us to capture this possible upside sooner than later (as I'm sure we all would).
Will be interesting quarterly update today, if they answer questions. (and obviously they won't answer corporate activity questions, as much as we'd like them to).
Interesting times...
STX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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