Considering AWE was taken over for $600 million after the ‘largest Australian conventional gas discovery in 40 years”.
Even if we hit something similar (which is a huge IF) and were offered $600 million. STX would get half leaving us with $300 million. Which would only mean a price of 60c a share and that doesn’t even take into consideration the huge dilution from CI’s along the way.
We’ve been royally fu**ed.
new ASX CODE, page-42
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