WGO
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0.00% 35.5¢ warrego energy limited

Ann: STX: West Erregulla Resource Potential, page-16

  1. khopchai
    2,240 Posts.
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    21/11/22
    09:19
    Post #: 64886124
    No it doesn't, because STX is offering A MERGER. STX is undervalued just as much, or arguably much more, than WGO is. If WGO and STX merge then they grow together when future value is realised. WGO can't have the same upside twice through STX overpaying now. However, to get any value from BPT cash bid, then the price needs to high enough to compensate for future discoveries.


    WGO Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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