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Ann: Minimum Holding Share Buy Back, page-54

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johnny83

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29/03/24

09:11

Post #: 73115489
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Originally posted by Foibles: ↑

Agreed - I'd think not.

And the 24c level is a bit cheeky. I'm not sure if it will be met with great enthusiasm.

And to correct an earlier poster, it's not mandatory acquisition, it is opt-in, so at best they may tidy up some, maybe most, but not all of these UPs, which really is just a smokescreen activity. On market buy backs have wonderfully positive effects on a SP....but this is not that. I suspect there was a sense of desperation around the ExCo - 'what can we give the market during a quiet time, to placate increasingly agitated shareholders?'. Because this is a fairly trivial activity. Some people just love having the dinner bell rung.

On the other hand, maybe the STX office was sitting around running a book on how many of the hyperbolic HC types would fly off on their tangential 'this is a clear sign of a TO.....the dark forces are gathering.....everyone else bar me should buy as much stock as possible whilst 'we' can'. On which, they'd be spot on.

Share price goes down 'shorters are trying to make the most of this opportunity, as word on the street is Gina is readying for a TO'
Share price goes up 'we own the best dirt in the PB. Everyone wants us. We'll get taken out any day'
Share price goes sideways 'it's deliberately being suppressed to get a lower VWAP in readiness for a TO'

We could even become insolvent....and we'll be ripe for a takeover.

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Well said mate. Stocks go up because I'm a stock market genius, and down because the big boys are manipulating the price. same thing with every company, every thread.

STX Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.0¢		Change -0.005(2.44%)		Mkt cap ! $572.1M

Open	High	Low	Value	Volume
20.5¢	21.0¢	20.0¢	$1.096M	5.415M

Buyers (Bids)

No.	Vol.	Price($)
32	2599619	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	451618	5

View Market Depth

No.	Vol.	Price($)
27	2442221	0.200
25	1784834	0.195
61	2705532	0.190
19	1309998	0.185
28	1437403	0.180

Price($)	Vol.	No.
0.205	375410	2
0.210	428036	8
0.215	1252681	18
0.220	992340	16
0.225	979575	10

Last trade - 16.10pm 02/08/2024 (20 minute delay)

STX (ASX) Chart

Ann: Minimum Holding Share Buy Back, page-54

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

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Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Minimum Holding Share Buy Back, page-54

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News