STX 2.33% 22.0¢ strike energy limited

A good example but much bigger scale would be Lynas, their sp...

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  1. 474 Posts.
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    A good example but much bigger scale would be Lynas, their sp has been in the duldrums from historic highs, then comes a whale in the form of Wesfarmers who truly see the strategic awesomeness of the only REO player out of China that can challenge China's monopoly, and there you have it, a TO that Lynas themselves rejects.

    Similar thing can happen to STX, like I said from "left-field" which the top 30 "feeling perhaps drained" from the last few years of STX and unwilling to go the extra mile, then comes a O&G whale from out of nowhere with a predatory price that doesn't value the company properly taking advantage of our current weakness on the balance sheets.

    Don't get me wrong, I hope no TO happens and the appeal wins! The journey is just starting if we can get away from the cliff's edge!
 
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