STX 0.00% 22.5¢ strike energy limited

80 00000 hole in STX gas tank, page-95

  1. 618
    3,519 Posts.
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    What were the semi-legal tricks she used for WGO? I am asking as that seems to be what was implied in your post. Isn't it just as likely that WGO SP was in the toilet because WGO was a single asset company (let's face it, the Spanish stuff was rubbish) and it had zero control over the asset's development? Not to mention it threw cold water all over its one and only valuable asset by casting doubts over the GWC, and we know how much the market loves uncertainties. Nobody knows what actually transpired, but what we do know is that quite a few managed to buy into WGO at very cheap prices, and in spite of the starting price, the resulting winning price was quite fully valued based on the proven reserve at the time.

    618
 
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