I agree that Mitsui is the group who need to feed there plants future gas requirements the most, they have the least amount of acreage for future exploration , they were not as fast and nibble enough to take out Minres , and Gina won . Now Min res / Gina and STX have all the acreage left in Perth basin . With there current export allowance , I am sure Mitsui are wanting to secure supply for LNG to Japan . Wesfarmers were also at the table for Minres , also to slow to match Gina . Question is does Gina want all the remaining Perth Basin gas and will Mitsui and Wesfarmers lose again ?? . There is a very big game to be played here for real domanance , or just securing each companies business requirements . I can not see STX going for less than 40 cents after the last two commercial transactions Gina purchased , the price has been established , but STX is now very much a strategic asset for predators .
STX Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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