With Beach's price languishing, it would be a perfect time for Gina or MIN to launch a bid.
Beach's offer would be for scrip (given their cash constraints), and the last thing Gina or MIN would want is a competing bid, like with WGO. And I don't think Beach would be in such a strong position to make a quick counterbid given their share price is well off recent highs (i.e. more dilution for them),
This might also explain the concerted efforts of some on this forum who have popped up since the SE2/3 results to downplay the value of Strike's assets yet are seemingly uninterested in buying stock.
Analyst Update, page-280
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Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 870110 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 214182 | 2 |
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