Ann: Exploration Update, page-79

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24/04/24

17:23

Post #: 73502783
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Originally posted by thecone: ↑

Great unbiased assessment there toots, the Scots had unfettered we for sure but were lazy ...they knew a few things about water , that the stx chest beaters could've learnt from though...the EPA to the north I valued at nought for caution .
But you wouldn't value we plus 100m in revenue alone at say 800m ? In todays/tomorrows gas environment.

Put another way at 50c x 2.5b soi, mcap 1.3b ,yep 1.3 and that was post dilution walyering (that's how it's spelt).... it did reach 50c a couple of other times pre dilution too.
Now 20c x 2.5bsoi, 500m mcap , so se2 n 3 were worth 800m aud ... ?
You can't have it both ways , you can't go and value EPA 127?, to the north , and not value walyering , ocean hill, increased gas price. blah blah ....
Same reverse arguments we were having with stx when they incorrectly! Dismissed wgo value and best the stx chest .... Cost em dear twice, and an abject lesson why you shouldn't value yours and dismiss others for only that reason.
But it's now overdone , now you have to concede that and factor in maybe we got a bit lucky with wgo at 36c too if we are honest?
You have to change in light of incoming data , I was a wgo holder said stx was too much risk at too higher price....a lot has changed since then mainly the income and the price...not being Scottish helps me be more......open minded?
Tc

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As WGO SH we got really lucky that we didn't get sailed down the river to a merger with STX at circa 19c and lucky Hancock came along side. Also lucky that enough SH were prepared to commit their shares at 28c disappointed that the Chairman decide to back STX.

As you said who knows what the final value will be for you I would be happy to be wrong but not for the BOD and some of the ex SH that jumped ship to STX

one forgets iho from day one STX tried to keep WGO down and then buy them on the cheap and if this had happened the SE wouldn't have been accelerated with little other than a few 2D lines and a lot of hope.

And look what happened with TPD funny some of the actors played a part in WGO as well.

STX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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