as SN stated in his interview recently. Mitsui could create the beach head that STX need for Perth Basin gas to act as infill for the NWS projects.
That decision / news from Mitsui is SPECULATED to come out soon ish .... maybe even B4 30 June.
Its that what is driving the recent SP run for STX ... IMO ...
See once PB gas becomes backfill .. it valued more in the ground , and thus the brokers up their val models for Strikes gas in place.
sit back and enjoy ... I think the recent share price run still has a bit more in it eg 17.5c or 18c before it might take a pause.
Also we are all anxiously awaiting news of a drill rig contract being awarded and civil works start dates for the pad, so STX is in a good place, so patience required. Despite the world markets looking like they want to pull back, i think STX will be sheltered given all the up coming positive over the next few months IMO.
Nev's media persona... Opinions ?, page-42
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Mkt cap ! $673.3M | |||
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