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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Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.5¢ | $406.2K | 1.888M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 761416 | 21.5¢ |
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Price($) | Vol. | No. |
---|---|---|
22.0¢ | 510371 | 6 |
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1 | 41542 | 0.065 |
1 | 49500 | 0.063 |
2 | 181695 | 0.062 |
4 | 227100 | 0.061 |
3 | 64667 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 73350 | 1 |
0.067 | 100000 | 1 |
0.068 | 194209 | 3 |
0.070 | 40000 | 1 |
0.071 | 123966 | 1 |
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