WGO 0.00% 35.5¢ warrego energy limited

Ann: Quarterly Report and Appendix 5B, page-22

  1. 618
    3,189 Posts.
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    Don't plan to post here often but I did buy in at 11.5-12c in spite of what I think of the management. The market is a definitely not an efficient nor accurate price maker. At current price levels, it is stupidly cheap based on current 2P reserve of 150PJ and without any reserve upgrade for WE. Even at 24c, one could reasonably see some decent value in WGO. So it's not as if the STX board acted totally irrationally on that purchase.

    As for the STX vs WGO rubbish, couldn't give a rat's bum. Ancient history, move on. Market does't value based on past events even if it does possess an awfully long memory.

    618
 
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