Very happy STX has decided to take the cash - cash is king and...

Very happy STX has decided to take the cash - cash is king and gives them so much flexibility. No biggie not being on the board of WGO if you can have a good working relationship with Gina. After all, we are operator and therefore still have control of WE and now we benefit from a cashed up JV partner. WGO is now as good as gone. Gina will roll her NWE holdings into MIN and repay the solid Ellison did for her on WGO. That then leaves STX as the obvious choice for those wanting a pure PB play.

I expect things to heat up from here and the market to turn its attention towards STX. Back to 40 cents and beyond by end of this month. Time for Woodside, Mitsui, Santos etc to wake up from their slumber and their M&A teams do what they are paid to do.... No way they let Gina and Min have their way with STX.