STX 6.38% 25.0¢ strike energy limited

Ann: SE3 confirms continuity at South Erregulla, page-171

  1. 8,343 Posts.
    lightbulb Created with Sketch. 2989
    Looking at the low volumes of TPD compared to STX this week, I don't think it's Athos at this point pushing down the STX price. I think their trading strategy has finished.
    Also, I can't see any logical reason why Athos would vote against the SOA, as they will end up holding a greatly-depreciated TPD holding (if rejected, the price will fall) and won't have the STX stock (post-conversion) to repay their shorts.
    Today is a down day on the market, so it creates easy pickings for a bot designed to put downward pressure on the price.
    But yesterday did seem like a strategic hit job, trying to suppress the price coming into a week with 2 company-moving announcements (i.e. SE3 results and SOA vote).

    Last edited by invertedva: 05/12/23
 
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