A court case would be pointless.
MIN seems to have made a small profit in its trade .
A court case would drag on and STX would probably lose .
Without MIN's aggressive buying the price of both STX and WGO would have probably floated around Hancock's cash offer of 28 cents while Hancock may have struggled to reach 40%.
They may have decided to let their offer close and then taken up the STX offer at a much cheaper entry to STX than they would have to pay now .
STX would have be much weaker financially than they will be if they decide to take up the Hancock offer before it closes and would have more financial commitments because of the large WGO share holding they would own .
I think that MIN's buying was really a great benefit to STX going forward .
It has potentially made STX a much stronger business to cope with what is yet to come .
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $530.0M |
Open | High | Low | Value | Volume |
17.0¢ | 18.5¢ | 17.0¢ | $2.155M | 12.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 851855 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 131078 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 593855 | 0.180 |
13 | 898781 | 0.175 |
34 | 2111342 | 0.170 |
28 | 2089452 | 0.165 |
39 | 1603646 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 76078 | 5 |
0.190 | 1277542 | 11 |
0.195 | 1127755 | 4 |
0.200 | 894999 | 13 |
0.205 | 685147 | 7 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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STX (ASX) Chart |