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35.5¢ warrego energy limited

Ann: Non-Renounceable Entitlement Offer Document, page-254

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BangForYourBuck

640 Posts.

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08/03/18

12:35

Post #: 31617199
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Originally posted by Fast&furious ↑

Mate there is 26million shares on offer at market price .004. Where is the incentive to buy from management? Where do we see the guarantee that well2 will be drilled to TD if not encountering further issues? I’ve not seen management set aside $2.9m from the $4.5m for drilling. Also what is the drilling cost per metre. Ie. How far will $2.9m get us. 700m, 500m?We need guarantee from management that well2 will be drilled to TD like well1. We had problem with well1 but in the end it was drilled to TD. We need assurance with well2 otherwise no one will be giving further money away. If potential partners are not easy to find why should we give out easily our hard earned money. Most of us do not care about Canada or Spain at the moment. If there is nothing at the bottom of well2 then I’ll give up.

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There are obviously no guarantees. There are no guarantees in life either. If you are looking for guarantees you are in the wrong industry, let alone the wrong sector and the wrong stock!

PRL Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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