Did you miss the bit about STX already having $175M cash plus annual cash flows of $70M from Walyering?
Post TPD's $10M post acquisition.
Liquidity is close to quarter billion thanks to this bolt on acquisition
As for the takeover - I pre-empted this a long time ago - if you stop being so one-eyed, you would have seen this coming. Colby was aware of the threat (as blind freddy could see this), and failed in his strategies. The rest will be history as STX consolidate acreage and importantly reduce corporate costs that are eroding value and causing unnecessary CRs
Bring on tomorrow
https://hotcopper.com.au/threads/an...n-commences.6643349/page-141?post_id=60719981
Ann: Trading Halt, page-263
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