They are all going to be short of gas, so any one of them could be a suitor IMO.
Lets hope STX management can generate some institutional interest in the company before they come sniffing at the door.
A take-over offer would have to be a pretty healthy number though given the huge upside that the Southern cooper basin project could see in valuation terms. Given where it is currently trading, and the history of this stock over the last 5+ yrs though, I am sure there would be plenty of smaller investors that would sell out early purely on frustration.
If we do see STX start to move in a positive fashion, and the project is deemed commercial, then my suggestion would be to sit back and assess what this ultimately could be worth. The numbers could be very big given the dynamics of the east coast gas market as well as the likely gas shortages that are facing the LNG trains and their resource suppliers. And this situation looks like it is only going to get worse with political parties buying back CSG leases in QLD / NSW, amongst other things.
STX would be a very good fit for a lot of these companies.
IMO
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $644.7M |
Open | High | Low | Value | Volume |
20.0¢ | 21.3¢ | 20.0¢ | $741.8K | 3.578M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 968233 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 751052 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41542 | 0.065 |
1 | 49500 | 0.063 |
2 | 181695 | 0.062 |
4 | 227100 | 0.061 |
3 | 64667 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 73350 | 1 |
0.067 | 100000 | 1 |
0.068 | 194209 | 3 |
0.070 | 40000 | 1 |
0.071 | 123966 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
STX (ASX) Chart |