WGO 0.00% 35.5¢ warrego energy limited

Ann: Trading Halt, page-33

  1. 6,916 Posts.
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    How can they legally make these misleading claims in the last cap raise announcement and then drop this cap raise now?

    http://www.asx.com.au/asxpdf/20170503/pdf/43hzp40rzxjby5.pdf

    There was a $5.2 million raise in November 16 that was stated in the April 17 quarterly that it was to finance the entire program. In that quarterly they had $3.6 left to fund the program, then they did the next raise only  5 days later for $2.5m saying it was a back up. They haven’t even got through 1 hole yet they state they had enough to cover the entire campaign and any unexpected situations.

    Reads to me like a complete set of lies IMO and ASX should be contacted over lack of disclosure and misleading information to market.
 
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