WGO 0.00% 35.5¢ warrego energy limited

Ann: Non-Renounceable Entitlement Offer Closing Date Extended, page-40

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  1. 2,820 Posts.
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    Kiwi they did do their best when they had cash on hand. They were drilling at a great rate prior to running into unforeseen fault lines and having drill bits break and get stuck down the hole. And did they see an opportunity to buy a larger share of the project when the funding partner ran out of cash, yes. That to me shows how much they believe in the project that they even up and bought a bigger share when they knew it would drain all the funds out. One way of looking at this is if they didn’t believe they could make it happen would they have ever sacrificed big juicy pay checks in exchange for shares that will be worthless if the project fails?? As I said the most successful formula that I’ve adopted is buying into companies that the people running it have a share in, and that share is getting bigger by the day!
 
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