If MIN is the buyer of the 15-17% WGO shares (reflects the entire trading volume in the last trading minutes today) and Regal is one of the sellers, it would severely weaken Strike's position in the battle for WGO and would make it much harder for Strike to get over 50% and the controlling threshold for WGO...
Perhaps we will only see an initial substantial holder notice for WGO by MIN tomorrow (or in the coming days) but not a t/o-bid...
In that case, everything might follow an orchestrated move by Hancock and MIN... In that case MIN will likely make the offer for STX at some point in time and Hancock and MIN are planning to work together in a future JV for EP469...
The result would be, that the two major miners are controlling the emerging gas reserves in WA (and the future domestic gas price) and securing cheap gas for their mining operations and MIN can develop a strategic plan with their entire Jurassic- and Permian gas assets along their already communicated fourth strategic grow pillar: MinRes Energy....
The remaining question would be, how and at which share price MIN would get STX??
...pure spec, of course...
If MIN is the buyer of the 15-17% WGO shares (reflects the...
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Last
20.0¢ |
Change
0.035(21.2%) |
Mkt cap ! $573.0M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 20.0¢ | 17.8¢ | $5.012M | 26.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 435841 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2021336 | 30 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |