STX 2.27% 21.5¢ strike energy limited

Ann: Change in substantial holding for WGO, page-78

  1. 8,705 Posts.
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    They are cranking the bot hard today, trying to get it below 36 cents (to make Hancock's conditional offer look at little better).
    At this point, everyone can see through it though, I think.
    I'm actually quite happy Hancock extended the offer, as it buttresses the STX shareprice. If she withdrew the offer, they would have an easier time of pushing the price down, in the run up to a low ball offer.
    This also allows Strike to let the initial offer period expire, and if they extend, to withdraw at the same time as Hancock.

    https://hotcopper.com.au/data/attachments/5019/5019422-ebc5de6a77b72b137514af14c191ea73.jpg
 
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