WGO 0.00% 35.5¢ warrego energy limited

Ann: Rights Issue Shortfall Notice, page-29

  1. 1,044 Posts.
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    Although I agree with you I doubt we could afford to pay them out therefore we must hope and prey (never a good term to use in investing) they have been working hard in the background to secure a new partner. I think they knew what was coming and will be close to securing funding that will ultimately benefit 1) Themselves and 2) The New Partner and sadly 3) (us) The Shareholders. Unfortunately I do not see any alternative except to wait and see and if we have an AGM to attend later in the year and if they have still not performed then that would be the time to say enough is enough. They have a few months to turn this around and keep their well paid positions and as a byproduct add value to the SP. This is by no means beyond repair and I expect some good news flow over the coming weeks to give us and then SP. A much needed lift.

    Good Luck All
 
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