Australia's largest stock trading and investment forum Australia's #1 stock forum

WGO

Click for more information

0.00%

35.5¢ warrego energy limited

Ann: Non-Renounceable Entitlement Offer Document, page-254

First 254 Last

Share
Profile

Follow
BangForYourBuck

633 Posts.

157

08/03/18

12:35

Post #: 31617199
Share

Originally posted by Fast&furious ↑

Mate there is 26million shares on offer at market price .004. Where is the incentive to buy from management? Where do we see the guarantee that well2 will be drilled to TD if not encountering further issues? I’ve not seen management set aside $2.9m from the $4.5m for drilling. Also what is the drilling cost per metre. Ie. How far will $2.9m get us. 700m, 500m?We need guarantee from management that well2 will be drilled to TD like well1. We had problem with well1 but in the end it was drilled to TD. We need assurance with well2 otherwise no one will be giving further money away. If potential partners are not easy to find why should we give out easily our hard earned money. Most of us do not care about Canada or Spain at the moment. If there is nothing at the bottom of well2 then I’ll give up.

Expand

There are obviously no guarantees. There are no guarantees in life either. If you are looking for guarantees you are in the wrong industry, let alone the wrong sector and the wrong stock!

PRL Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HAS

Hastings progressing Yangibana to production with lower costs

The iron ore comeback: Can it last?

There are more pages in this discussion • 24 more messages in this thread...

First 254 Last

Add WGO (ASX) to my watchlist