So Strike have officially sold their Warrego shares into the...

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RedRooster2

1,981 Posts.

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08/02/23

12:39

Post #: 66134258
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Originally posted by RedRooster2: ↑

So what happens now?
I think Strike owning Warrego shares are on a hiding to nothing, therefore I'm expecting Strike to close their offer to Warrego this week and then sell into the Hancock offer and make themselves a very, very tidy cash bonus, that makes sound business sense to me, no point owning any Warrego shares now and they will no doubt be expecting a knock on their own door pretty soon.
Lay day for Norwest today as the market will evaluate the days proceedings.
Nothing changes for us as we continue to hold our shares and destabilise the current offer.
If we are able to continue our educated resistance it is going to bring on a response at some point, that could be in the form of an increased offer from MIN or it could trigger a response from a MIN co-operator and that could be in the form of a buy in of shares , or even an offer, it is also not out of the question that another party joined in to thawt this MIN/Hancock grab.
Plenty to come yet and the rig is getting closer to site.
I think this weeks trading activity will give us a better understanding of where we are at in the view of the market and that will assist all holders, but I'm thinking there is much journey to go yet.
My opinion
GLAH

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So Strike have officially sold their Warrego shares into the Hancock offer as predicted and great decision picking up a cool $116m.
Now if anyone has the motivation and now funding to acquire NWE shares as a leverage against any TO offer presenting their way it is Strike Energy.
May not happen, but I bet it is in discussion over at Strike as to whether it is a sound defensive move on their part!
We watch.
My opinion only.

NWE Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
21 Upvote

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