WGO 0.00% 35.5¢ warrego energy limited

Interesting, does seem a stalemate at the moment. Gina may not...

  1. 4,554 Posts.
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    Interesting, does seem a stalemate at the moment. Gina may not get 40% under present conditions.

    With MIN increasing its shareholding to just under the Take-over threshold is fascinating.

    I thought MIN Chris Ellison just wanted a stake to be in the mix for decision making and learning from WGO/STX lease, then apply that knowledge to the NWE/MIN leases. But why the need to be so close to the threshold? I think MIN at this level is only interested in blocking Gina as much as possible, by keeping her below the 40% threshold that may cause flight to her offer.

    I am not convinced yet MIN will make a Takeover offer for WGO in the near term, hope I am proven wrong.

    I had a few phonecalls from Gina's group, I keep saying she needs to remove the 40% threshold and increase her bid to 42c+ then I am happy, she will find herself with 45% at least.



    Last edited by trousergecko: 18/01/23
 
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