WGO 0.00% 35.5¢ warrego energy limited

Mir nice to see the numbers no doubt there is potential upside ,...

  1. 20,391 Posts.
    lightbulb Created with Sketch. 1990
    Mir
    nice to see the numbers
    no doubt there is potential upside , but what WGO shareholders were asked to do is swap a discovery which is likely to grow in size within 6 months ,for potential upside of STXs acreage. How you view the proposal is dependant on how you risk STX future exploration assets. As a STX holder ,I see the potential upside but I have also seen gas targets with 70% COS fail.
    When we talk about the valuation differences what is not considered is why STX bid for WGO at 1.2x if the market is right that STX should be trading higher ? Why would they dilute these great assets they are highly likely to hold so much gas by 37% to acquire WGOs 50% of the smaller field ?
 
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Currently unlisted public company.

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