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
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $558.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2720 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 40553 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2720 | 0.220 |
3 | 98884 | 0.210 |
5 | 5042646 | 0.205 |
8 | 343806 | 0.200 |
4 | 356651 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 40553 | 2 |
0.190 | 40536 | 2 |
0.195 | 237636 | 1 |
0.200 | 485947 | 12 |
0.205 | 428491 | 6 |
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