Ann: Hancock Energy - Eighth Supplementary Bidder's Statement, page-24

First 24 Last

Share
Profile

Follow
eddiev

832 Posts.

195

13/01/23

18:43

Post #: 65683582
Share

Originally posted by Base1864 ↑

People.

Mum and dad investors are not buying shares valued at 36cps (at best) for 39!

Whoever is doing this wants WGO and to the best of my understanding, it by law, cannot be Gina Rhinehart or any of her associated companies.

So who is paying this premium? And how far are they willing to go?

I am adamantly giving my shares to STX, to stop any predator getting access to them, but if I am to be brutally honest, my finger is twitching above the sell button lately! The only thought that keeps me from pushing down is that someone with very deep pockets is buying above the 36cps we have been promised if Hancock gets 40%.

Then today, the HPL crew starts calling around. She is on the back foot, she knows it. The two snapper heads running the show got out for 28cps. If Hancock only gets her 26 odd percent I am sure she still won't care, especially for such a cheap price and when someone is paying well over and above even her best offer.

The loser will be STX. This is why I haven't sold and am adamant about transferring to them. There is zero doubt in my mind that someone wants into STX now via a seat on the board or potential future takeover. I stated elsewhere, that as WGO sits, there is no plausible reason why it is being bought up in such large amounts and that STX is going backwards, so much so that this little joke is now worth more than a company about to start ACTUALLY pumping gas.

Whoever is buying these shares is not doing so because they think they are going to make a profit on them.

Expand

i agree base, but unless you see .55for WGO dont bother STX will hit that target by year end.

i hope Stx have all based covered.

its an interesting tussle. I cant see the likes of Santos letting stx go, they need gas for their depleting fields.

WGO Price at posting: 39.0¢ Sentiment: None Disclosure: Not Held
10 Upvote

0 Great analysis

Reply

Top Stories

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

First 24 Last

Add WGO (ASX) to my watchlist

Ann: Hancock Energy - Eighth Supplementary Bidder's Statement, page-24

Top Stories

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Featured News