WGP 11.1% 1.0¢ westralian gas and power limited

director sold 1 million shares last friday, page-36

  1. 4,460 Posts.
    Yes you are correct, not much of a risk to them but they threw a little cash into the company rather than buy on market and have the money go nowhere.

    At least taking part in the SPP sent funds into the company. I guess what I am trying to say if it was worth others buying into the SPP to support company growth why bail now? Hold on for some updates and if you need a dump do it before Christmas at a higher price, or after Christmas depending on how many presents you want to buy.

    I see they are looking at stimulating to produce 2-3 times more oil from existing wells and we don't have production rates yet. If they can get it to 100-200 barrels per day its not a bad earn at $15000 outlay per well(estimate).

    THE PURE OIL LINE TO SUCK PEOPLE IN WAS PURE BULL but at current levels its worth a run and lots of buyers waiting at 15 and 15.5. just fits my risk/reward plan for now. Good luck with what you do.
 
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Currently unlisted public company.

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