Well this is news! I agree that the leak to the Australian likely came from STX - any why not, as this publicity is good publicity. STX is not going to sit around and say nothing while Gina suppresses the share price and accumulates more and more every day.
However, I am not sure that Gina's stake necessarily means a takeover offer is imminent, as she's proven to be happy to sit on significant stakes in other companies without going for it all. I just hope this news now motivates another contender to get in quickly and table an appealing offer to get a significant holding before Gina has the time to build up too much of a stake. It's game on right now, but if Gina starts to creep up towards 20% it becomes near impossible for anyone else to get control.
Ideally, we see a few parties bidding up with result of each getting a significant stake but nobody getting control. Then we continue the dream to production from multiple assets, having a few large shareholders with deep pockets, who are wanting to do deals on gas sales.
At the end of the day, whatever gets the share price out of the teens and back up into the 40's and beyond is a good thing. Whatever is ahead, I just hope it plays out well for shareholders.
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