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WGO warrego energy limited

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Ann: Target's Statement in response to Strike Offer, page-6

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Justadabble

12,627 Posts.

4445

23/01/23

19:44

Post #: 65838842
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Originally posted by Stans: ↑

Can anyone shed any light on way these statements don’t include an independent experts valuation on Warrego?

With competing offers and conflicting recommendations from board members from my perspective a so called “independent” expert report would be quite useful. Even more so when our directors were actually recommending a bid of 20c a share without any real backing as to what value they believed the company was worth.

Even today I don’t believe the directors have given any view on this rather just saying “take the highest offer”, which is still not particularly helpful.

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Agree. I had been expecting one and was wondering why it hadn't arrived. So, I looked into it today and from what I read, providing an Independent report is at the discretion of the target's board. Would have been useful early days.

WGO Price at posting: 39.0¢ Sentiment: Hold Disclosure: Held
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Ann: Target's Statement in response to Strike Offer, page-6

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