Australia's largest stock trading and investment forum Australia's #1 stock forum

WGO

Click for more information

0.00%

35.5¢ warrego energy limited

Ann: STX: Strike increases ownership of Warrego to 19.9%, page-208

First 208 Last

Share
Profile

Follow
david

2,460 Posts.

187

08/12/22

17:45

Post #: 65226082
Share

Originally posted by ozblue: ↑

IMHO it's Gina buying up everything that moves on Strike. That way she can do the T/O here with the conditional offer, gain a major holding in Strike and have control of both WE and SE, plus the other bits of the PB that Strike own, plus the 50% of the tenement up north owned by WGO.

If she picks up lots of Strike at under 40-50c and Strike do a 1:1 T/O of WGO down the track with Gina owning say 50% of shares here, she emerges as the major holder of STX by a long way, meaning effective control of new fertilizer plant and gas for her IO projects, basically win, win for her.

If it doesn't go according to her plan, she still emerges as the biggest holder of both, assuming the 2 Scotts sell to her for whatever cash offer.

Basically setting herself up to be major owner of PB assets no matter what happens. It's also good cover to buy Strike while all the attention is on WGO. Look at the volume on Strike over the last few days. For her Beach is probably also on the agenda down the track..
All IMHO of course..

Expand

So much turnover in STX would suggest an accumulation by someone. Which would suspect is Gina.

But is she still below 5%. Gotta think about a substantial holder notice from someone soon.

WGO Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

1 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

ASX Market Open: Australian market set to open slightly lower following a mixed session on Wall Street | November 12, 2024

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 9 more messages in this thread...

First 208 Last

Add WGO (ASX) to my watchlist

SPONSORED BY