Hi Hardcash
That was the key problem with offering too little to begin with, but the even worse error IMHO, was to declare such a feeble offer as Best and Final on 28 Aug with 4 months still to go before the vote.
I don't know who in Strike pushed for this strategy, but it seems to me to be a very effective way of destroying STX shareholder value.
An initial offer like 7 for 10 would have seen STX flooded with acceptances by TPD shareholders and it would have genuinely been a Win Win for both sides.
What a mess Strike has made for itself.
Ann: Good Oil & Gas Conference, page-192
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $657.9M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.3¢ | $1.988M | 8.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 522260 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 524269 | 8 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |