I disagree.
Through repeated capital raises we were languishing in the low to mid 20c. We are now (because of events) low 30 c perhaps headed to mid 30c. Our value is not the sum of parts it is corporate value that in the current regime needs to constantly capital raise. Hence a significant discount on value of the sum of parts. Also keep in mind potential that is significantly discounted, 3 Billion for Haber !!!
Currently because of the script for script offer we are tied to WGO share price,
My view on outcome:
1) Gina will have a blocking stake perhaps in joint with STX,
2) STX will pull the script for script offer,
3) STX share price say Feb / March next year will settle back to 25c,
4) Then STX will have a takeover bid from Gina
Just my view. I sold some shares yesterday, happily at a good profit. I am likely to sell more this week based on the above as my view I will be able to buy them back significantly cheaper in a few months.
Just me thoughts.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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Price($) | Vol. | No. |
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13 | 862411 | 0.215 |
15 | 1671108 | 0.210 |
27 | 993445 | 0.205 |
27 | 1609802 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 2167471 | 27 |
0.230 | 3404589 | 26 |
0.235 | 597607 | 13 |
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