looks like the last two wells do not make up anywhere near 50% of strikes assets (not to mention the $130M cash they hold) yet the market seems to treat this as so. Am I wrong in assuming this?
There also should still be exploration value in SE2 and SE3 As there is still a chance hey can be brought into production at a later date with some work.
also unlikely a director would have forked out $75k on shares if this test and the last were 50% of the company's net worth.
As only 3% of the shares traded today (in value terms) some stop loss and panic selling seems more likely
Ann: South Erregulla Update, page-132
-
- There are more pages in this discussion • 217 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.3¢ |
Change
-0.003(1.22%) |
Mkt cap ! $579.3M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $651.4K | 3.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 3392010 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1784251 | 64 |
View Market Depth
| Last trade - 15.46pm 02/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |