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22.5¢ strike energy limited

Then there is the possibility that they have made the wrong call...

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papasmurf61

1,564 Posts.

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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 22.5¢		Change 0.005(2.27%)		Mkt cap ! $643.6M

Open	High	Low	Value	Volume
22.5¢	23.0¢	22.0¢	$2.095M	9.322M

Buyers (Bids)

No.	Vol.	Price($)
37	1543383	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	613863	5

View Market Depth

No.	Vol.	Price($)
35	1420258	0.220
25	2507908	0.215
31	3138998	0.210
30	905703	0.205
64	3874096	0.200

Price($)	Vol.	No.
0.225	541242	3
0.230	778336	21
0.235	1597043	18
0.240	488761	11
0.245	400000	2

Last trade - 16.10pm 09/07/2024 (20 minute delay)

STX (ASX) Chart