Another Special crossing of 2m AWE shares @ 97c @ 12:14:31 PM...

Another Special crossing of 2m AWE shares @ 97c @ 12:14:31 PM (S3 XT).

Including this special cross, I've noticed 5 such trades totalling 14.5m since 9/2/18 i.e. after AWE's Board recommended Mitsui's 95c bid. Assuming these shares are going to one buyer, they represent c. 2.3% of AWE.

Given the disclosures by Mitsui & CERCG in their Bidders Statements, they can be ruled out as beneficiaries of the crosses.

MIN is a possibility, based on its MD's recent comments, as is Waitsia JV partner, BPT.

There has certainly been a lot of press lately on the demand for gas assets and in AWE's case, the market knows the price it needs to beat.

If the bidding war is over, then there's the 'Mitsui 95c Put'.

DYOR