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$4.60 senex energy limited

Adam...Now you are talking sense. $5.50 should be the bottom end...

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Ramallah

613 Posts.

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08/11/21

09:43

Post #: 57387824
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Originally posted by adam.s: ↑

I'm guessing it won't drop below $4.40 again as a base.

If they don't buy it outright, it will trade and track upwards from here.

Possible outcomes:

A. They tell posco $5.50 and it's rejected, the market will likely push up to $5 anyway

B. They tell posco $5.50 and it's accepted by the board so it will trade at least $5.50 publically

C. ANOTHER BIDDER offers $5.50 and it's taken out that way

D. A bidding war pushes it even higher

I may live to eat my words but I don't see any point in selling today, if anything, should be topping up and waiting for next step up

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Adam...Now you are talking sense. $5.50 should be the bottom end of the price, like you tend to agree the story for this is far from finished, would be stupid to sell atm...run with this and see what tuns up in the next 4 weeks, what do you have to lose>

SXY Price at posting: $4.46 Sentiment: None Disclosure: Held
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