STO 2.41% $7.01 santos limited

I wouldn't waste my brain cells to think much. Two announcements...

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  1. 3,534 Posts.
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    I wouldn't waste my brain cells to think much. Two announcements mean ENN/Hony are happy with Harbour boat, want to jump to the better one and at the same time do not break any rule/agreement with the current cruiser. For us shareholders, it means Harbour is satisfied with its due diligence that STO is worth to buy, their banks are OK and ready for an offer. It would tell ENN/Hony that STO is better in our hands and you are better off in our hands. Be part of us so we can tick the majority shareholders box. More than very likely that an offer will be on the table as Harbour wouldn't ask ENN to join if they don't make an offer. So, wait for the offer. I don't waste my energy yet worrying about if FIRB would approve. It is months away and Harbour is a player at high level enough to know how to satisfy these conditions. Tut tut ... and cha ching ..
    Last edited by oilman01: 16/05/18
 
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