The following is pure speculation
Buried in Santos cap raising is "it is in the early stages of bidding for an undisclosed asset that has a value in the order of $200m" SMH 12th May.
Now this is pretty small if we look at the value of say ESG that has a mkt cap of around $760m. So, what CSG assets are worth $200m?
HGO's 152m shares in ESG are worth today $143m. Throw in a premium and you can easily see HGO's ESG shares worth about $1.30 to Santos or about $200m. This parcel also gets STO a stranglehold 18% of ESG without triggering a takeover.
The takeover target long term may be ESG but short term may be the HGO holding of ESG
Just a thought!
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Last
7.2¢ |
Change
0.003(4.35%) |
Mkt cap ! $150.8M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 7.0¢ | $71.19K | 1.004M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 429620 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 436563 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.072 |
2 | 35043 | 0.071 |
6 | 415334 | 0.070 |
2 | 188840 | 0.069 |
3 | 245000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 53230 | 2 |
0.071 | 30000 | 1 |
0.072 | 427363 | 2 |
0.073 | 340000 | 2 |
0.074 | 146955 | 4 |
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