I'm guessing Macquarie want agreements in place to lend against, particular if they are to provide the $80m facility for the SE plant, financing a key component of the construction going ahead (also pending flow results late Jan early Feb?).
So now STX achieved 33TJ/d with no issue, they can more safely commit to other off take agreements for the remaining uncontracted gas (like this announcement). And hopefully then Macquarie hit the green light on the finance.
I do agree with you though one day at nameplate seems like a short timeframe to gain enough confidence it can be sustained, but hey I'll leave that to the experts.
IMO
Ann: Walyering Production Update, page-27
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.8¢ | 19.0¢ | $4.254M | 21.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 457092 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 912017 | 7 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
19.5¢ |
Change
0.000 ( 3.85 %) |
||||
| Open | High | Low | Volume | ||
| 20.0¢ | 20.8¢ | 19.0¢ | 8595529 | ||
| Last updated 16.10pm 31/05/2024 ? | |||||
| STX (ASX) Chart |