Not to worry, am a true believer that the market is a voting machine in the short term and a weighing machine in the long term. Will never forget missing the Hardman spike from 30-odd cents to $1 in 2001 IIRC (after they made the Chinguetti discovery), only to watch it fall all the way back to the pre-announcement level again not long after. It was a few years after that it started to move past $1 and beyond $2 as they approached prod startup at Chinguetti. In STX's case, they don't have the long lead-time of bringing an offshore field online. So with capex relatively low and return margin high, they should have been rerated by now. Of course, the market is a funny thing - especially when you have a few around the chat rooms calling doom and gloom, and the panic spreads.
Like I said a few months back to a knocker, let's talk about share price in 12 months time. If it is still around mid-20s, I will more than happy to eat my words :o)
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $501.4M |
Open | High | Low | Value | Volume |
17.5¢ | 18.5¢ | 16.8¢ | $2.209M | 12.51M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 557444 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1520968 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 554444 | 0.170 |
35 | 1604350 | 0.165 |
35 | 1338593 | 0.160 |
14 | 667447 | 0.155 |
27 | 479012 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1520968 | 6 |
0.180 | 899853 | 8 |
0.185 | 564270 | 14 |
0.190 | 1316750 | 17 |
0.195 | 776217 | 9 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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