WGO warrego energy limited

Ann: Ceasing to be a substantial holder, page-5

  1. 8,789 Posts.
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    well, everybody keeps slamming the two D's - but look at what has transpired.
    It is very clear that they wanted to "cash-out" their investment in WGO. That's their perogative.
    AND , they recognised the inherent value that WGO represented.

    So they started off an auction process.

    And look where it has ended up -(and maybe still going?)

    The M/C before the initial STX offer of .775STX:1 WGO was $???? (and payment in STX Scrip!)

    Now what is MC of WGO - maybe double that? and in cash!

    AND - the two D's, even though they accepted H 28c cash, they still get to participate in H's increased offer of 36c! So not so silly.

    AND - each WGO s/h is very much still able to decide themselves what they wish for their shares.
    Everyone wins. If you like STX then accept STX - if you wish to remain a WGO s/h, then don't sell.

    It seems to have been a great outcome for WGO shareholders IMHO.
 
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