My thinking aligns with yours Hardcash.
I would believe that the STX BOD with the help of their brilliant Geologist/Seismilogist have a pretty good idea of how much gas they will be able to convert to 2P and it is a lot more than they have at the present time. I think this is the reason that SN came out with his 80C valuattion - by comparing Hancock's 2P + 2C valuation of WGO with the 2P plus 2C that STX currently has. (I am not sure how many caught on but WGO's 2P/2C ratio is much higher than STX's and P muct be valued at considerably more C). What's moreI think SN was able to give his valuation with a straight face and without even blinking.
I gather from this thread that the current thinking is that MIN may make a bid for STX.. I have no further insight but if it is a script for script bid I wouldn't rate their chance of success as very high. A bid from Min could however bring others into the ring. Who knows?
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $650.8M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 22.3¢ | $1.705M | 7.544M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 818922 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 911089 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 819007 | 0.225 |
24 | 1447116 | 0.220 |
31 | 2185031 | 0.215 |
27 | 3068673 | 0.210 |
35 | 1211185 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 915348 | 33 |
0.235 | 1397313 | 13 |
0.240 | 397063 | 9 |
0.245 | 200000 | 1 |
0.250 | 587028 | 10 |
Last trade - 15.56pm 05/07/2024 (20 minute delay) ? |
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