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17.8¢ strike energy limited

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01/05/24

21:10

Post #: 73617666
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Originally posted by kmuirhead: ↑

Spockie. This is something I really don't understand. There is one group who is shorting the hell out of Strike. As you say there are now 205,000,000 shares shorted

There is another group who are convinced that Strike is about to be taken over. If such were to happen the offer would have to be at a lofty premium to the current price in which case the shorter's would be skinned alive.

Do the shorter's know for certain that there will be no takeover offer,

My thinking is that the board, holding circa 60,000,000 shares between then and with a better knowledge of what the Company is, or will be worth, than any one else, is unlikely to be receptive to a lowball offer. If such is the case I think that any takeover offer if such were to occur, would have to be hostile.

To me, the only thing that makes sense is that whoever wants to takeover STX is responsible for most of the shorting.

We may find out in the fullness of time.

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The multiple boardmembers shares used as loan collateral could facilitate shorting whilst held for security?

STX Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 17.8¢		Change -0.008(4.05%)		Mkt cap ! $508.6M

Open	High	Low	Value	Volume
18.0¢	18.0¢	17.5¢	$393.6K	2.200M

Buyers (Bids)

No.	Vol.	Price($)
46	1972379	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	1564209	52

View Market Depth

No.	Vol.	Price($)
46	1972379	0.175
45	2542197	0.170
41	4091498	0.165
43	1761454	0.160
18	1009043	0.155

Price($)	Vol.	No.
0.180	1611202	54
0.185	1347585	15
0.190	1288648	19
0.195	1133155	7
0.200	966358	17

Last trade - 11.21am 09/09/2024 (20 minute delay)

STX (ASX) Chart