Just like the rest of us, Strike bought WGO knowing there was still a bit of uplift left in the price. Strike's offer was not formal or binding, so they were free to do this.
By acquiring a significant holding in WGO, Strike has the added benefit of being in the position to choose whichever bid (current or future) it sees as the best fit for them as a shareholder, and as a JV partner. And yes, they can excercise power over the bored.
Ann: Strike increases ownership of Warrego to 19.9%, page-27
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $1.056M | 4.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 262128 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 3834531 | 37 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |