"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
WGO Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held