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22.3¢ strike energy limited

Ann: WGO: Strike's First Supplementary Bidder's Statement, page-369

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papasmurf61

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16/01/23

20:32

Post #: 65721048
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Originally posted by ozblue: ↑

@Base1864 ... Whoever gets ultimate control needs to get over 90% for compulsory acquisition of the remaining shares, so if the hedge fund/s do get to over 10% then yes they can negotiate a higher price for themselves. They could also come unstuck if everyone, including Gina went for the Strike offer, and they ended up with less than 10%.

None of us knows the real intentions of any of these major players, as it's possible WGO remains listed with no-one getting majority of shares. What we do know is that whoever was buying up millions of shares this afternoon in Warrego expects to make money out of it, so they are expecting a higher bid than Gina's current 36c, (if she gains 40%).

Any of us, with a deep enough pocket could do as the hedge fund is doing, but we don't have much negotiating power with 0.005% of all shares in Warrego (over 600,000 shares for this low percentage)

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Then there is the possibility that they have made the wrong call and Gina decides not to increase her offer.

None of the 3 players is going to get majority control of WGO.

I’m not sure where this all ends up.

Last edited by papasmurf61: 16/01/23

STX Price at posting: 39.0¢ Sentiment: Hold Disclosure: Held
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Last 22.3¢		Change 0.003(1.14%)		Mkt cap ! $643.6M

Open	High	Low	Value	Volume
22.5¢	23.0¢	22.0¢	$1.813M	8.067M

Buyers (Bids)

No.	Vol.	Price($)
13	363029	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	38775	7

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No.	Vol.	Price($)
12	152336	0.240
1	87	0.235
4	86969	0.225
43	1899161	0.220
28	2602171	0.215

Price($)	Vol.	No.
0.205	14737	5
0.210	93968	16
0.215	61073	7
0.220	20428	1
0.225	1041300	15

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