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wot

10,414 Posts.

1479

04/06/24

23:53

Post #: 74165554
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Originally posted by Ratbox: ↑

All to do with South Erregula I think, MAC Bank 80M uncommited facility will be effectively a raise as they will charge a Fee for the facility ( a portion paid in shares and a portion paid in Options to be exercise at a certain price) and STX could pick up some more $$$ from instos to top up the coffers quite plausible really!!!

Alternativly STX could avoid all of the above by Farm out a % of SE , picking up enough $$$ to finance Plant and future drilling ( price can be enhance by Dom Gas decision).

Another option would be selling SE Gas into Beach (Watsia) or Min Res (Lockyer)

I think they will wait until Dom Gas decision before any move.

Money of Mine boys are very excited by the Energy sector consolidation , not only STX but Beach may also have target on its back…

And all of this boils down too, we are sitting on a shit load of Gas at the PB ( Waylering, OH, WE , SE, Kadathini , Arrino), and few more gas potential leads to explore , Gas is crucial for the Billionaires to power their Mines on the cheap and for the WA Gov keep electricity prices down , the fun is just about to start

If someone talks about 30c again it will get a slap in the wrist.

My views only

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Wonder why director rushed in? Management were clear no cr.. dilution is not the move at a 586m market cap. Better off to sell an asset - can prob get decent coin for teg 25% post drill or better flog off west Erregulla post drill.

Last edited by wot: 04/06/24

STX Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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