Mir
nice to see the numbers
no doubt there is potential upside , but what WGO shareholders were asked to do is swap a discovery which is likely to grow in size within 6 months ,for potential upside of STXs acreage. How you view the proposal is dependant on how you risk STX future exploration assets. As a STX holder ,I see the potential upside but I have also seen gas targets with 70% COS fail.
When we talk about the valuation differences what is not considered is why STX bid for WGO at 1.2x if the market is right that STX should be trading higher ? Why would they dilute these great assets they are highly likely to hold so much gas by 37% to acquire WGOs 50% of the smaller field ?
- Forums
- ASX - By Stock
- WGO
- Ann: EGM Presentation
Ann: EGM Presentation, page-49
-
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)