WGO 0.00% 35.5¢ warrego energy limited

I'm not sure if that is correct. They are speaking about...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 282 Posts.
    lightbulb Created with Sketch. 152
    I'm not sure if that is correct. They are speaking about "revenue" so that's gross before taxes etc. and they own 50.1% through an 85% stake. That means, we are talking about 42.585% share of 4.2 million€ gross = so i would guess something between 1.0-1.2 Mio.€ net to WGO per year or ca. 1.8 Mio AUD (exchange rate 0,63) net per year at 22% capacity (from my experience, you can run these power stations at a max. capacity of 75-85%)

    would be great to know, why it's running at 22% - is it because of the lack of gas or the lack of consumption
    If it's consumption, more gas wont help.
    If there is a shortage of gas, we need to invest much more money upfront before we can make any relevant amount of money (drilling wells). And it is not really scaleable (max. 8 Mio. AUD per year).

    From my perspective, it's just a marketing story.... "we are doing business overseas"....

    but - DYOR
 
watchlist Created with Sketch. Add WGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.