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35.5¢ warrego energy limited

You always have the option to buy BPTSTX is going to get taken...

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LePok

210 Posts.

29

14/11/22

00:28

Post #: 64747126
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Originally posted by rahrah: ↑

Sounds like a lot of people are considering buying off their nose to spite their face. STX undervalued WGO undervalued the offer is relative. The offer from BPT is fixed and as many people have recognised provides no opportunity to obtain a value close to fair. The WGO board have already concluded that the STX option is fair. Remember BPT have 3D seismic of parts of the Perth basin too, so would have a good idea of the true value of WGO which is not represented in their offer.

I would assume it would be hard for BPT to but WGO shares on market without increasing the price of WGO and consequently STX as well. Their bid doesn’t seem to make sense unless they are going to make a bid for STX as well.

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You always have the option to buy BPT

STX is going to get taken out as well, what value does WGO hold for BPT without STX who is the operator

WGO Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
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