Tooter,
I would hope STX don’t come back with another offer, and I suspect if they did it would be a much lower ratio. As you say the WGO management are unlikely to entertain it.
But you have to ask yourself what the motivation is by management and whether the best interests of shareholders are being considered.
I mean how does it currently look with management declining the previous offer, which as it stands right now is 33.5c compared to the WGO share price of 21.5c. And they would have enjoyed being part of the greater erregulla fairway.
Anyway, let’s hope for a successful outcome on this well and see where it all ends up in a few months time.
WGO Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
