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gimoI'm not sure that we have a different view.STX has done OK...

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Al99

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13/02/23

14:14

Post #: 66216861
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Originally posted by gimo211: ↑

Hi Al99,

I have a different view and think, one have to give kudos to the M&A team at MIN…

They played it super smart and in their best interest. But “the industry” might feel a bit upset by them…

MIN prevented that Strike take control over WGO gas (what would have made them a bigger player and harder to get target) and they prevented Hancock to launch a t/o of STX by swapping 40+% of their WGO shares into STX…

MIN is interested to consolidate the STX assets and intend to grow their businesses along the new strategic “Energy” pillar based on North Perth Basin and onshore Carnarvon assets…

But, I’m not sure how happy Hancock might be with their friends at MIN…

In my eyes, no one can blame Stuart and the team. Strike played it straight, transparent and reasonable over the entire saga…

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gimo

I'm not sure that we have a different view.

STX has done OK out of this, but they could have got the lot if they hadn't tried to lowball the first bid.

My comments re SN are just what I hear from the industry. Not my view, merely passing the info forward.

WGO Price at posting: 36.0¢ Sentiment: None Disclosure: Not Held
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