STX

12.0%

28.0¢ strike energy limited

I feel that this will be JP and SN legacy so takeover will be...

First 44 Last

Share
Profile

Follow
max99

503 Posts.

88

03/09/19

10:36

Post #: 40287833
Share

Originally posted by Heskumdai: ↑

Maybe, seems logical that STX get's taken out, but I'm not getting too far ahead of myself in thinking this - and as a STX shareholder might not want it?

My thinking is that if WE + Jaws come off then STX may become a mid-tier firm worth some $2-$4B...possibly. At that level they may be worth nearly as much as Beach ($5B), so can Beach actually swallow them?

But, I think it might be that this mgt team can add more value by getting production going. Their skills set has been impressive so far, so I wouldn't put it beyond them. If they get to 60c, which is possible with WE, raise 10% - or $100m - then they have a fair bit of funding to drill a few more wells and explore those 8 options they've been talking about. I don't think they'd have problems getting the $'s (likely from insto) and so it's a real possibility. If they drill another 8 wells then the value is much higher than Beach is likely to pay now, which is why Beach would do the transaction, but I feel this mgt team are not out for soft / quick $. They want to build something meaningful, which is the language they're using (as you'd expect they would).

So, i'm expecting people to come to the table, but I'm hoping management make a go of it and add more value over the next 2-3 years by developing WE and proving JAWS before selling. Now that scenario may make a lot of $'s for shareholders? Likely more than someone will pay up-front. Just my thoughts.

Expand

I feel that this will be JP and SN legacy so takeover will be out the question imo

STX Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

RCE

Recce's R327 found effective against E.coli during clinical trial

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

There are more pages in this discussion • 28 more messages in this thread...

First 44 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 28.0¢		Change 0.030(12.0%)		Mkt cap ! $801.0M

Open	High	Low	Value	Volume
24.5¢	28.3¢	24.5¢	$7.221M	26.82M

Buyers (Bids)

No.	Vol.	Price($)
5	293004	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	820079	16

View Market Depth

No.	Vol.	Price($)
2	80250	0.275
14	1138369	0.270
5	465632	0.265
12	320576	0.260
3	252621	0.255

Price($)	Vol.	No.
0.280	482958	11
0.285	933593	12
0.290	299158	9
0.295	279001	7
0.300	1053232	15

Last trade - 16.10pm 28/06/2024 (20 minute delay)

STX (ASX) Chart

I feel that this will be JP and SN legacy so takeover will be...

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I feel that this will be JP and SN legacy so takeover will be...

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Recce's R327 found effective against E.coli during clinical trial

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News