Happy to sit on my Holding.
This is the time of your investment you can either lose big dollars or hold and bank big dollars. People talk of manipulation and maybe this is the case, although the majority are just venting due to missing out on selling at the recent high. 3d seismic, Reserves, Farm In (JV), Buyout... this story has only just begun.
gbgirl,
I don’t mind who as long as the numbers stack up.....15-20% should be pushing A$100 million+++ ????STX and WGO will either sell the project in its entirety or bring in a JV partner. I am sure there will be a few interested parties even at this stage.
Suspect STX shareholders going to be in for some short term pain Re CR at these levels and Management will want to add some value beforehand. Hopefully an announcement regarding a JV May be just the trick
imo they could have raised before now and at a higher price so one would think they have a strategy in place or plan in the pipeline (no pun intended). But regardless of a JV they will still need to raise at some point.
When this happens I hope WGO investors can detach themselves and WGO from STX trading at that time as it does not reflect our 50% holding in the project. It would be an in-house STX Issue and should only effect their SP not ours in relation to their CR! I think they will already have a strategy and possibly a JV lined up in the wings on the provision flow rates were commercial to overcome there current position? Just wouldn’t make any commercial sense not to have a plan in place beforehand.
An announcement of a JV would be positive for our position and our SHARE price....May even see some of STX holders shifting camps to WGO as our BOD chose to raise earlier. We have cash in the bank, gas and commercial flow rates..... All we need to do now is sit back and watch this unfold with only positive news flow moving forward and have a little faith
Hopefully the weak hands and the chaff has left the building.
Good Luck All
