STO 0.89% $6.67 santos limited

STO closest to the pin, page-124

  1. 1,244 Posts.
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    Bit late to the party but I'm pretty sure that $4.60 figure is bad. Fair value is $5.15 (TERP)
    But instos were only willing to pay up to $4.60 (10%+ below market)
    Then the stock Opened way below $4.60 which is WORSE, given that EVERYONE is now underwater and with trying to cut losses.
    US/Oil getting smacked overnight sure doesn't help.

    Had a nibble at strike price today for a punt. Prob out by the close
 
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