Ann: Strike - Commencement of despatch and open of Strike Offer, page-45

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mode1971

5,708 Posts.

4530

11/01/23

16:28

Post #: 65640184
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Originally posted by invertedva: ↑

I think it is also with remembering Gina and Ellison (combined or in partnership) already have some multibillon dollar project in mind, which relies on first accessing a shed load of gas.
When this all started, I thought Gina might be willing to play ball with Strike in a gas plant and urea project (mainly because her intervention seemed designed to block Beach/Stokes). Now after todays latest skullduggery, and STX saying it asserts it rights to acquire the other 50% of WE, can assume things will be hostile/competitive at least until WGO is resolved. (After that, maybe some sort of JV development project may be negotiated).
I just can’t see how Gina (and MIN) can enact whatever $billion project they have in mind without dealing with the issue of STX’s operatorship in WE, first, and it’s hold over the centre of the PB more broadly.

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Invertedva, look like end game.

If rinehart gets 40%. Plausible. She just stops and converts to Stx shares for 40% Stx hold. Then if min sells there wgo to rinehart, another convert 55% of Stx.

Game over once your past 51% in control. Is why I sold wgo to Stx, plus already had Stx and been buying more Stx.

In a way might get two takeovers for the same coin.

Rinehart likes to control, and the mixup ensures she will have it all.

I've always seen Stx as prime to control the urea market here and get a fair chunk of global sales on it.

Pivot is the only producer here, rest imported from China.

STX Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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