tIr was clear that Regal would convert to STX unless there was a higher offer. It as pointed out in the STX announcement. The STX offer does not open until Friday.
Clearly a third party has entered at 35 cents. Hopefully MIN (assuming article is accurate) offer all shareholders 35 cents.
STX is likely to receive a takeover offer prior to drilling its next well.
Based on its land holdings with substantial upside the offer will need to be circa. $1 to succeed.
Ann: WGO: Strike's First Supplementary Bidder's Statement, page-122
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $672.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 22.3¢ | $2.882M | 12.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 348502 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 223310 | 6 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |