“In the short run the market is a voting machine but in the long...

“In the short run the market is a voting machine but in the long run it is a weighing machine.” – Benjamin Graham

Stuart Nicholls is a marketer. He has done a phenomenal job at boosting STX's market cap with releases of little substance. If you wanted to sell in the mid 30s, then you've backed the right horse over the last 12 months.

The reality is, STX, as operator, has delivered wells over-budget with time delays. Thankfully Biggs shamed them in to using Aztech. Hence the smooth progress on WE4.

As previously announced to market, they will catalyse value in the Spanish assets by close of the fin year.

I suspect STX make a bid for WGO soon. The valuation differential is too great not to.