STO 0.92% $7.67 santos limited

will there be a share placement?

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    Does anyone have a view whether STO will have another share placement to fund its proposed 2010 capex?

    When the last placment was announced the shares fell from over $17 to around $13.50. I think the current depressed price is partly because the market is anticpating a placment.

    Being nervous about a placement I quit my 10,000 shares in STO this morning. But in my view, STO is a strong buy if there were to be no placement but the price will remain depressed until the issue is clarrified.

    Please do your own research
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