17 million - part of it is a pre payment for Bazzard - a massive...

17 million - part of it is a pre payment for Bazzard - a massive target that could equal 5$ per share for STU. Also for design of a down stream business that will add steady earnings to STU.

STU prod is twice Coopers not 4 times. Whats the difference with borrowing for exploration or issuing 80 million shares.If COE didnt issue the shares recently their cash position would have been significanlty depleted and would be only in the single digits per share. STU also pay dividends.

I agree COE is a bteer run company in general however you need to add all things into the mix when assessing the value.

Anyway I got into Meo today at an average of 32.5, however looking at the Dow futures I think I jumped too early. the latest ann has given me confidence that they may deliver on a big gas find. Interested in the thoughts of Ronstieb, Tony , refersher , EL etc