OK gimo, lets go with your theory because I agree, MinRes will try to buy STX, not sure when but it may be happening now. That being the case, the best thing MinRes could do is prevent STX from getting hold of TPD's 45% and thus MinRes will have less Walyering cash flow to pay for in it's TO offer. We will also go with MinRes buying equivalent TPD shares...
No better way to manufacture this than to short STX to hell, with the aim of undermining confidence in the SOA and STX Management at the same time. If that is what is happening, JD is right, it's all about killing the SOA and leaving STX without TPD which itself would then become vulnerable to a cheap offer of anything above $0.22...
I think you agree more than you realise.
If the the SOA does go through then MinRes have a huge position in STX via converted TPD shares and the consolation prize if the SOA fails is MinRes holds a stack of TPD bought at the bargain price of $.20 or less....
I don't see how MinRes can lose.
Happy to be corrected....
HC
Ann: South Erregulla Update, page-148
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