STX 2.13% 23.0¢ strike energy limited

stx and ucg potential, page-7

  1. OMS
    7,363 Posts.
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    I think at last half year report they stated due to credit climate alternatives to IPO would be looked at to get Hybrid off the ground

    now those concerns have alleviated a little, and the co is pumpin gas, condensate and cash


    So potential to have IPO with 1 large backer taking around 30% or so... rest to stx holders first(including the right for shortfall or to buy extra), then market

    no matter how they do it they should offer STX holders first dibs
 
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