I also got some QGC at $1.59 yesterday, but don't understand why the price dropped to $1.49 today either.
Yes, STO will only pay about $0.195 for each "New QGC" share. This $0.195/s is NOT be the real value of the "New QGC", but the market seems to have taken it as the real value of the "New QGC"!
The other possible problem might be the ACCC approval? Any views?
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