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35.5¢ warrego energy limited

Ann: Rights Issue Shortfall Notice, page-39

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Fast&furious

615 Posts.

128

17/04/18

16:46

Post #: 32507453
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Originally posted by rolf2903 ↑

This will play out only one of two ways sadly... either the pathetic management dilute the living daylights out of the company out of desperation to avoid a windup... or they get wound up. I fully expect the former... a company takes majority ownership over both Uruguay and Spain for hardly any funds at all and effectively gives prl hardly any exposure to the upside on these projects. It’s so bloody sad to watch. $40 odd million was it that shareholders provided to get the useless management to this point... and I’d say the company will need up with almost nothing. They will then consolidate, raise capital for a new project and start this journey again.

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That’s why I say get rid of these bunch of usesless idiots. With existing sh we still would like to go forward and fund the drilling. We just don’t trust these bastards. They are not being transparent. Let us decides on new boards of management. Maybe the top sh can’t be in the board to look after our interests. It shouldn’t be hard to find another ceo. Anyone will be better than DC

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