Collusion and inside trading is next to impossible to prove unless they were stupid enough to leave some sort of electronic trail behind. And I very much doubt if these two, being the shrewd operators that they are and being surrounded by a bunch of expert legals, will be dumb enough to leave any trail behind.
The optic and logical conclusion from an external observer is as per described by @gimo211 and @invertedva. But they could just as easily say the opposite. MIN simply saw an opportunity to get its foot in the door, and in response to MIN's initial purchase of c.35c, Hancock responded by upping its offer to 36c to gain the upper hand. MIN, seeing that Hancock has gained some 31% over time, decided the stake is no longer strategic and decided to sell into Hancock's offer.
Anyone with a logical mind can draw their own conclusion that this is utter nonsense. But try to prove otherwise in the court of law is just a waste of time and money.
Anyway, it is what it is. I personally don't see the point of worrying about it but rather, focus on the next step. I see value in holding onto the WGO due to the massive exploration upside with EP469, but also see the benefits of selling and deploying the funds to bring EP469 online ASAP. It will be the company maker as it will provide a long and large cashflow runway for the company to fund its Haber project, which is where the real revenue growth will be for this company.
PS. It doesn't really matter how our share trades in the short term because we know how valuable our gas regardless of what they say - their money speaks louder than words
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Price($) | Vol. | No. |
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