Guys
said it 1000 times before.
all broker reports only as good as their inputs. That’s why when looking at stocks I try and get as many broker reports as possible. In Wgo case on can also get STX reports and feed through WE valuation.
I note Petra has raised STX target from high 30c to 54 and now to 60c all on the last 6 months. STX will come to market as well
Personally I think I as everyone new this was coming and is the key reason I took some funds off the table . Best case was a raising in 2-3 months , but let’s not forget what the SPs fell of both companies last Correction . Security of funding trumps targeting 3-4 extra cents
the other issue is if WE fails - how do we think the respective SP will react . Wgo will have cash to complete the program, STX have assumed a lot more resources and will be cash strapped .i have always prepared a safer approach
WGO have ticked off almost everything STX has , GSA - tick , gas equalisation - tick , infrastructure sorted - tick
will aim to re- establish full position following the raising
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