re:is wgr building a position in cue? Firstly I have no inside information or any other whatsoever . I have guessed .
WGR is a trader ,and likes shares with a Net Tangible asset position higher than the share price on a NPV basis with say a 10 % discount factor. They seem to also like good management or lucky , or management who were in the right place at the correct times.They have cashed in their chips on VOY and ARQ and have plenty of cash and could be looking for a target for another 'feed'.
So Cue comes to mind as I have noticed posters other than me think CUE is stuffed full of undervalued asssets.Some say assets in Indonesia and in PNG are not thought much of . That is Rubbish in my opinion . ue is also in bed with an 'Elephant' Santos and they need to increase their income and asssets . Cue also has some clever larger investors , Mr Tweedie of New Zealand fame and Mr Albers who is very brilliant.
So That is my guess . The 'Elephant' could roll over and take them over as and when a sensible price could be negotiated to have the necessary acceptances and that may be at a far greater price than the price at present.
I do stick my neck out aalthough I am wrong so many times but it can be interesting to read the replies .
Do not forget that everyone should consult their own professional investor as I am not advising any one.
Best wishes
B2
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9.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.77M |
Open | High | Low | Value | Volume |
9.9¢ | 9.9¢ | 9.7¢ | $10.86K | 111.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2162 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 64604 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2162 | 0.097 |
3 | 163392 | 0.096 |
5 | 265752 | 0.095 |
1 | 10000 | 0.093 |
1 | 9646 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 64604 | 1 |
0.105 | 286999 | 4 |
0.110 | 589880 | 7 |
0.115 | 20781 | 1 |
0.120 | 247429 | 2 |
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