What STX need to remember is a lot of punters bought the dream back in 2020 and 2021 and piled in above the then price of one cent. A classic example is my cousin (a perennial loser) who bought this two years ago at 1.2c. STX need to come in around the 22 to 24c level. That will ensure all the dumb arses who paid more than a cent a year or two ago make a little profit especially after allowing for the Mongolia asset spin off. My conclusion is this deal will work at 24c.
TPD Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held