Member Info for Hardy78

Muck flash - it’s completely irrelevant what the SP does between now and completion of the deal. If you bought in at 8p, you’re guaranteed a 20% profit on your investment. Not bad for six weeks wait! Don’t panic sell, as it’ll only be the MMs who profit. GLA

That’s right muckflash - the minimum equivalent of 9.77p/share.

You need to say you currently hold Stel shares which upon completion of the buy-out will be converted to NFW shares which are traded on the ASX (Australian Stock Exchange) and whether they can sell ASX shares on your behalf

Eileen - just received a similar response. To be fair, HL are usually pretty good in these sort of situations

Robbo- see my post at 10:23 this morning for my theory why

Minimum of 9.77p per STEL share

I hold mine in HL too - going to email them to see if they will handle the Newfield shares once they are issued

Anyone holding their STEL shares in a HL account?

Indeed!

21st March is when shareholders will be updated regarding the offer

From my interpretation of the RNS, there are two main issues; 1.) NWF still need to carry out the fundraise to get the required capital to complete the deal. 2.) There was uncertainty as to how easy it is for UK shareholders to sell NWF shares once the deal is completed. With regards to 1, we will know for certain by this time next week, though $30M AUS for a $1B asset seems like a good deal to me. Once this is clarified, the SP should be on the move up again. With regards to 2, as part of the deal, NWF are aiding with an AUS broker to deal on your behalf if you cannot find a UK broker with access to ASX.

Additionally, unless you want to just day trade, it’s largely irrelevant what the intraday SP is - the offer price is a minimum of 9.77, so 30%+ profit from here.

People not willing to wait until the end of April for the deal to go through? Day traders or Rainbow Chasers moving on to their next share? Could be loads of reasons... GLA

BMD will do his usual trick and blog about various 'whispers' he has heard to get the SP to spike up 20% so that he can shift the tranche of shares he purchased earlier that day. The SP will then drop and it'll happen again a week or so later.

MM’s shaking it the other way now - hang in there!

Possibly! :-)

Clem has been busy spending that £1M raised through the placing on cocktails and plane fares - don’t expect anything better than a couple of scabby margaritas for pizza night though!

Seems to be stuck in a rut at the minute. Need some volume from the states to get things moving this afternoon

Hey Stefania, is pizza easier to digest than the shit sandwich Clem and co will be serving up soon?

plenty of 2500 sells going through now - which ones were Shotgun's?!? LOLZ He's playing this share like a fiddle