Exactly right SJ. You forgot to add that there will be very...

First 9 Last

Share
Profile

Follow
nofish

267 Posts.

39

08/02/23

16:07

Post #: 66139105
Share

Originally posted by sjbomber: ↑

Jake, I think you should revisit your comment re the possibility of Gina getting to 90%. As I mentioned on the weekend: IMO too many have too readily dismissed the possibility that Gina may attain her target. The offer extension must be viewed as strategic. This was in relation to the 40% level she was seeking. The same now applies with the next hurdle.

Only the lethargic and those with little idea will either not take the cash from Gina or accept Stx's offer because:
(1) remaining WGO SHs will surely be subjected to a huge cap raise and dilution (which will raise Gina's shareholding anyway);
(2) why would you elect to limit your participation in the Perth Basin journey to permit 469 alone when you can be part of the whole show for the same price atm, if that is your ultimate aim?

As you have pointed out, there are significant benefits in Gina getting to compulsory acquisition (these may include invalidating the Alcoa contract which has been speculated). Now that stx have accepted it's near on a certainty.

I'd love to have a carton on the outcome!

Expand

Exactly right SJ. You forgot to add that there will be very little liquidity
left on the books if you intend to stay in WGO. Take the money and run
or swap into STX at no cost is the only sensible options left.

WGO Price at posting: 35.5¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Exactly right SJ. You forgot to add that there will be very...

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News