Gina would have prompted STX to increase its holding in WGO to block Beach. If you remember Gina acquired Atlas Iron even though FMG took an early blocking stake to scuttle MIN at the last minute. It ended up selling to Gina at a tidy profit. I see this scenario playing out here provide no one else enters the game. Highly likely though as 28 cents is way to cheap for WGO.
Also why would STX tie itself to WA gas market with relatively low prices when it can sell its gas as fertiliser at world export prices through project Haber. It needs lots of funds to finance its position in Haber so it should look to sell out of this permit and WGO when the the winner is known.
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Last
20.3¢ |
Change
0.003(1.25%) |
Mkt cap ! $586.4M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 20.0¢ | $540.4K | 2.673M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
91 | 4540830 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 2985244 | 75 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
95 | 4541232 | 0.200 |
42 | 2103075 | 0.195 |
43 | 1322410 | 0.190 |
18 | 709855 | 0.185 |
23 | 752647 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 2985244 | 75 |
0.210 | 934794 | 15 |
0.215 | 1227954 | 17 |
0.220 | 3571262 | 18 |
0.225 | 591223 | 8 |
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