MinRes, which provides mining services to Hancock Prospecting, declared in a filing to the ASX on January 17 that it had acquired shares in Warrego on the market in three tranches that worked out at an average price of between 38.5¢ and 39.24¢ apiece. It previously bought a larger tranche of shares at 35¢, taking the average price across all the holding to below 36¢.
Mineral Resources declined to comment on Monday, and Hancock Energy director Stuart Johnston said he had no explanation for the company’s decision.
Ann: Strike's Sixth Supplementary Bidder's Statement, page-103
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