Well researched post Jake.
Based on the premiums paid for QGC and AOE, I would'nt sell out of this for under $1. The imediate hurdle they need to get over is to provide a satisfactory explenation for the trades that took place over the last week or so ie. turnover of just under 5mil....... less than i% of the coy shares on issue. Until then, I think the coy will be in a trading holt.
As for the takeover premium, this is upto the management to hadle it and they should take a leaf out of QGC and AOE (now potential suitors via BG, Santos etc), There ia lot at stake and I hope the Directors are up to the task to get every cent out the likely preditors.
- Forums
- ASX - By Stock
- WCL
- sp
sp, page-54
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WCL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online