I am comfortable that the orginal CR funds STX raised a year or so back/used to purchase the original strategic stake in WGO, has given a return on that investment.
Also the current 1:1 dilution offer to attract more WGO shares over to STX and gain a larger bargaining stake, is better/less dilution than the orginal takeover offer.
Its all relative. Its difficult to compete with cash offers and still retain bargaining power. STX have still achieved a very large chair at the table.
Still a bit more to play out here for the long game.
STX Board/Stu putting WGO into play has been a good thing. We now have a bit more nouse and cash coming from the JV partner - regardless of how that pans out. Having the cash/resources to develop the Greater Erregulla at speed & scale is critical now. Something WGO didn't have in the WE JV piece - until now.
A gas processing plant is also key piece to fund - and figure out who owns this key asset and maximise the profits on where the gas goes/its downstream uses after that.
More twists and turns than the Furka Pass.
Can't win em all at present, when these types of assets are in hot demand.
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $643.6M |
Open | High | Low | Value | Volume |
22.5¢ | 23.0¢ | 22.0¢ | $2.095M | 9.322M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 1543383 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 613863 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 1420258 | 0.220 |
25 | 2507908 | 0.215 |
31 | 3138998 | 0.210 |
30 | 905703 | 0.205 |
64 | 3874096 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 541242 | 3 |
0.230 | 778336 | 21 |
0.235 | 1597043 | 18 |
0.240 | 488761 | 11 |
0.245 | 400000 | 2 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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