The short selling provides the supply of STX shares at around 40cps until Dec…
A party (like MIN) can build a strategic stake in STX behind the curtain at relatively low share price before a bid is lopped.
Everyone knows that a t/o attempt of STX will results in competing bids… but a party (like MIN) can build a strategic position of up to 19.9% to be in the best position for the competition during a t/o process…
We have seen this with NWE and with WGO…
If a party (like MIN) publishes a 604 and announcing a two digit holding in STX, the share price would jump to 80c immediately (the look through value of the WGO take over…) and the bidding war begins…
This is my view…
The MIN M&A team has a special track record in very smart transactions…
Ann: South Erregulla Update, page-145
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Last
21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $630.3M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.5¢ | $222.5K | 1.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1475635 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 389222 | 16 |
View Market Depth
| Last trade - 12.11pm 07/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |