Human nature plays a huge part plus the modern trader expects big returns instantly and do not have the patience or mental strength to hold when they see RED. O&G plays take time but when you review the overall position of the Company and where they are at and what they are currently sitting on the SP does not reflect this. DC will want want to convert to cash as soon as possible in my opinion and let one of the bigger boy’s take it into production with STX or maybe the whole box and dice will be sold. Anticipate a buyout between A$0.80 to A$1.20 a share but we will be in for a wild ride in between drinks and there will be many nervous shareholders in the interim. None of the major shareholders have sold so they know where this is heading and always a good thing to follow the big money!
Good Luck All
WGO Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
and always a good thing to follow the big money!
