re:
Also, remember that last time this happened - the fall from the Acracia high of 72 cents down to a low of about 28 in July this year.
It then recovered from about 28 to about 45 on no significant news whatsoever.
Now, 45 cents was about right at that time, given 1.2 mmbo in Acracia, their cash and their PELs.
If the market eventually wises up and sees things my way, I'd expect STU to do about the same now, and recover up to it's true value of over a buck (0.75 mbbl pa, 3.4 mmbl reserves etc).
Ian Whitchurch
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
