Mate, as another PRL holder from "Clowns on the Pampas" days, your points resonate, even if I don't agree with all of it.
"Evil Clowns" too. Not exactly distinguished by their conduct.
So, let's be real. WGO is a buy because, for what it offers, it's bargain basement cheap.
The huge discount to STX is irrational. And isn't that what we investors look for?
I'm not in WGO because I have faith in "the two Scotsmen" and their track record. I'm in because Perth Basin was a miracle from the blue, making WGO extremely cheap for what it has there.
And, so importantly (like Spain), someone else is roped in to doing the work.
( If someone feels I'm being a bit harsh, please, educate me, with tangible facts, about the virtues of these two Hibernian gents. I'd be grateful. )
Yes, the miracle in the Perth basin saved PRL SH's from oblivion. After a few deft moves, I'm sitting in breakeven.
But now, the moment is arriving: a lovely gain as the huge reserves are confirmed. WGO is still so cheap, and in whatever form, the resource will be bought at a multi-bag premium over current MC.
"The two Scotsmen" can do the world a favour by staying out of the way of the grown ups running the operations.
As for Tooter's romantic view - I've been to Glasgow often enough, seen the drunks swagger about.
"Hey yuuuuu, Jimmay! You got some coin for me, need a foooking drink pal..... Nah? Ahhh ya fooooking bassstad!". Pity a woman who gets within shouting distance.
