Ann: Warrego and Alcoa Sign Long Term Gas Sales Agreement, page-194

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trousergecko

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12/10/20

14:17

Post #: 48027957
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Originally posted by Autosime: ↑

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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Your probably a good trader Autosime, being reading you for years. But I think you will be lucky to get shares any cheaper than they are currently selling. I think the CR will set a platform for the share price from here.

WGO Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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Ann: Warrego and Alcoa Sign Long Term Gas Sales Agreement, page-194

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