If you want 28c sell tomorrow and you should be very happy as you will get 30! Personally IMO Strike price has been inflated a bit by what has gone on and will come back below this price if 1:1 happens however the medium to longer term price should go up as we all hoped for when buying WGO and value is extracted- perhaps even a t/o from a bigger player.
However if Gina ups to 33 or more cents then her offer I think would be very popular. I would be out and perhaps buy some Strike when it drops a bit! Happy either way.
1:1 and I stay a bit longer and happy with that. Hopefully a bigger t/o down the track! This is my current view and think Gina has made a statement today that she is just about at her limit.
slightly hoping for a bigger player to come in as well like a STO but they may wait for a consolidated entity.
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Ann: Hancock Energy Fourth Supplementary Bidder's Statement, page-67
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