since when was a 19% stake 'comtrolling'? There have been many companies taken over from those holding such stakes. Pure Energy was just one when AOE was trounced.
I do think STO will make a move only when they feel they have little alternative. Whether it be in order to secure an offtake agreement, movement from the likes of BG, or simply ESG in discussions to supply all their gas to a competitor.
Remember, 19% buys you no entitlement. It is not a blocking stake. You are simply a shareholder and really are at the whim of the company. STO will not want to hold as an investment...dead money. So if, they don't buy it, they will sell it to the highest bidder.
I think they may just be digging themselves into a hole, as the longer it goes, the more desperate they will be.
I would be surprised if we don't know their position within the next 3 months.
ESG Price at posting:
98.0¢ Sentiment: LT Buy Disclosure: Held
