Ann: Change in substantial holding, page-160

Originally posted by Mondo1960

Regarding taxes, I'm a bit of a contrarian - my view is that if you are paying taxes that means you are making money
And making money is the end game - the reward for your research and patience
Oil and gas discoveries like this are rare and one needs to do the best out of this good fortune
GLTAH and be happy with your sell price

Oil and gas discoveries like this are rare and one needs to do the best out of this good fortune

The value depends upon who is buying

For existing holders in either WGO or STX it is a long way and a lot of dilution since they have to fund everything from Equity raising, less for STX as it has a cash flow from Santos soon

But the large, cash generating companies can fund from the new debt which is still not that high for the solid operators therefore this is only the beginning of the Auction which started with the undisclosed purchase at 35c

I needed cash security to cover my cash flow commitments so kept only fraction of holdings when situation was not clear yet.

The reminder is locked in until the Auction hummer falls in.