WGO 0.00% 35.5¢ warrego energy limited

F&F, "The drill is 100% covered by strike. We never needed the...

  1. 5,347 Posts.
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    F&F,

    "The drill is 100% covered by strike. We never needed the $6m before the drill results come out. Obviously it’s opportunistic for Sundrich to come in trying to make a quick profit after seeing how the sp spiked to 1.7c"

    i think you mean 17c not 1.7c.

    Also, the drill is not 100% covered by STX. It is covered up to $11m then shared 50/50. I think you will find WGO needed more cash in case there are cost overruns. It is a big drill.

    IMO
 
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