Hi Khopchai
Couple of comments on your post with a different perspective. Would be interested in your thoughts.
Para 1: So Hancock need 50% of the remaining 29% of WGO shares to get to their 40% mark and return 36 cents to those who accepted. Little to no chance of that happening in my opinion.
There has been good volume of WGO shares trading for sometime now. In whose hand do they rest (besides the fund managers)? What if Donald Duck & DM are buying on market with the proceeds they have received from accepting Gina’s offer? Even if they paid over 36c per share on market they would be making good coin if they help push Gina over the 40% target as all their original shares would now attract a 36c payment up from 28c.
IMO too many have too readily dismissed the possibility that Gina may attain her target. The offer extension must be viewed as strategic.
Para 2: Given there will be quite a few shareholders who simply won't accept anything and retain their WGO shares, there's also little to no chance that STX will get to 50% ownership of WGO unless either WGO or MIN take up the STX offer. I think there's a reasonable chance this may happen, giving STX control of WGO and whoever accepted, a major shareholder in STX and seat on the board.
Why do you think that quite a few SH won’t accept anything and retain their wgo shares. If you’re talking about the lethargic and those with little idea then maybe, but otherwise it makes no sense to me. Given wgo/stx shares are basically trading on a par why would you elect to limit your participation in the Perth Basin journey to permit 469 alone when you can be part of the whole show?
Para 3: Like you I hold shares in both companies and have waited for the big reveal. We appear to be close to the end and unless there is a final twist I will be upgrading my wgo shares to premium stx scrip and looking forward to the amazing sequel.
cheers
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