I hold shares in TPD, until recently I also held shares in STX.
The other reasons are:
- SN was proposing a non cash deal, there was no cash cost,
- so if successful, future increased revenues from Waylering increase STX cash holdings,
- So SN effectively gets to raise additional cash without a future CR to shareholders
- Increased future cash flow (in short term) also gives something to borrow against for the other STX projects (which are some way of and need capital expenditure)
Just my thoughts.
Ann: TPD: Response to Media Coverage -Non Binding Indicative Pro, page-59
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $673.3M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 24.5¢ | 22.0¢ | $3.328M | 14.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 300014 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 2349452 | 12 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |