The Hancock statement regarding Strike's intention to accept into the Hancock offering, in my opinion is hostile, and explains why Strike has made the correct decision regarding it's WGO holding.
As Strike is 50% owner and operator of the JV, they are a likely target. But by taking the cash for their WGO holding, it puts Strike in a stronger position to counter any approaches, given Strike's strong financial position and ability to develop assets.
I believe WGO was the pre match entertainment. Looking forward to see what events unfold from here.
Hancock wins WGO, page-136
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $1.785M | 8.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 3486632 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1783463 | 9 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |