Ann: Trading Halt-STX.AX, page-28

Seems most are waiting or expecting a positive announcement out of left field to assist the Capital Raising.

Comments to substantiate this are many:

Money for processing facility
Partners want STX to be better capitalised before proceeding
This could be an outstanding announcement
Only presume this is going to be a blockbuster announcement
Might we get updates on gas flows to sell the raising
Always good to have some news to sell the deal
Could be they want to ramp up development
Buy in needs to be set at 15c
Processing Facility? Commercialisation of gas flows?

Well my money is on PovertyBoy's assessment and that is they need the money to keep themselves in the lifestyle they have become accustomed. The longer management can spin this out the longer they receive healthy salaries.

I'll be very surprised if the CR isn't at 10 cents and I'm not expecting a blockbuster sweetening announcement.

That's my 10 cents worth... and I hope to god my cynicism is misplaced for all who hold.