If you look at the ratio prior the Nov CR and WGO T/O you will...

If you look at the ratio prior the Nov CR and WGO T/O you will see why this is opportunistic either through mismanagement or coercion or a combination of both.

Those of us fearful of a takeover then were looking for at least a 1-1.

If they did it when at 50c and said .4 which equated to 20c then it would look horrendous now.

While Im optimistic about STX share price if things go pear shape and their shorters win in the short-medium term and nothing eventuates with Mongolia this could get interesting.

Currently 18.5c and stx is testing support for the 3rd time since the original deal and had its lowest close.

A retrace to 36c which is their upward trendline equates to 17.30c and would see $200m wiped from their MC.
Break a trendline and break support and shorters will increase and try and drive it lower, part of a vicious cycle.

There's a 30% swing currently, us up 15% and them down 15% and if that widens and we are in production and TMK have significant news questions will be raised.
Ideally for everyone their drill knocks it out of the park and we all win in the long run.