Australia's largest stock trading and investment forum Australia's #1 stock forum

STX

Click for more information

0.00%

20.5¢ strike energy limited

The multiple boardmembers shares used as loan collateral could...

First 1355 Last

Share
Profile

Follow
lame

2,524 Posts.

270

01/05/24

21:10

Post #: 73617666
Share

Originally posted by kmuirhead: ↑

Spockie. This is something I really don't understand. There is one group who is shorting the hell out of Strike. As you say there are now 205,000,000 shares shorted

There is another group who are convinced that Strike is about to be taken over. If such were to happen the offer would have to be at a lofty premium to the current price in which case the shorter's would be skinned alive.

Do the shorter's know for certain that there will be no takeover offer,

My thinking is that the board, holding circa 60,000,000 shares between then and with a better knowledge of what the Company is, or will be worth, than any one else, is unlikely to be receptive to a lowball offer. If such is the case I think that any takeover offer if such were to occur, would have to be hostile.

To me, the only thing that makes sense is that whoever wants to takeover STX is responsible for most of the shorting.

We may find out in the fullness of time.

Expand

The multiple boardmembers shares used as loan collateral could facilitate shorting whilst held for security?

STX Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Essential Energy conference: Streamlining approvals key to the green energy transition

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

There are more pages in this discussion • 315 more messages in this thread...

First 1355 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 20.5¢		Change 0.000(0.00%)		Mkt cap ! $587.4M

Open	High	Low	Value	Volume
20.5¢	21.3¢	20.0¢	$1.823M	8.814M

Buyers (Bids)

No.	Vol.	Price($)
6	1249073	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	269971	4

View Market Depth

No.	Vol.	Price($)
6	1249073	0.205
11	838050	0.200
6	317935	0.195
10	894411	0.190
10	1259949	0.185

Price($)	Vol.	No.
0.210	269971	4
0.215	866615	24
0.220	1623581	18
0.225	249328	8
0.230	863493	12

Last trade - 16.10pm 18/09/2024 (20 minute delay)

STX (ASX) Chart