Ann: Hancock Energy - Notice of Status of Defeating Conditions, page-7

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Gharp

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23/01/23

16:21

Post #: 65835558
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Originally posted by jake0002: ↑

I reckon that notice says more than it appears.

One can see that Hancock's holding is STATIC - ie only 26.17%.

Thus IMHO, it confirms again, that there has been no further acceptances into the H bid.

I thought that the Acceptance Facility would be popular with the bigger shareholders left on the WGO register - but it appears not??!!

I am pretty sure that H must announce any acceptances utilising the Acceptance Facility?

and IF that is in fact the case, then there is no way the H bid will get anywhere near the 40% level - unless either MIN or STX sell into the H bid.

If the remaining s/h are not accepting into the H bid, it narrows the path - ie either accept the STX bid, do nothing and remain a s/h in WGO, or sell on-mkt.

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I have a suspicion the remaining holders are still selling on market at the moment to gamblers/pip traders on the market at the moment

So it will be interesting come Friday to see what exactly happens

WGO Price at posting: 39.0¢ Sentiment: Hold Disclosure: Not Held
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Ann: Hancock Energy - Notice of Status of Defeating Conditions, page-7

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