Why would it? All miners do farm outs it is a fact of life. It is a trade off between given up some upside (laying off some risk) and preserving cash to do many other things. Prudent management I would say.
As you said this company has good management with a credible track record. I believe they would have done a deal which in their opinion benefits STX shareholders.
farm-out 10%........, page-3
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $636.5M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.5¢ | $1.499M | 6.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 808773 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 2120705 | 74 |
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| Last trade - 13.55pm 21/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |