I'm wondering if at this pice STO wouldn't be squaring up KAR for a takeover via scrip and then spin oil assets off into a separate vehicle?
Could be a very cheap way for them to broaden their gas resource base at a pretty cheap price. Fits nicely into the STO strategy.
Comes ready made with deep Yankee and Chinese pockets.
copy of announcement- discovery, page-12
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Last
$1.57 |
Change
0.025(1.62%) |
Mkt cap ! $1.223B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $9.146M | 5.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 119714 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 23710 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |