Ann: Warrego enters into Scheme Implementation Deed with Beach, page-192

Here's some food for thought....

"Euroz Hartleys issued a research note to clients on Tuesday suggesting Strike itself was deeply undervalued, adding that it should have a valuation of 51c per share." Similar to other broker valuations...

Now... $0.51 x 0.775 = $0.39525 .... which amazingly is at about the value people reckon WGO should be at when arguing for a higher STX share ratio. Is that by coincidence or design...!?

So, WGO is undervalued. STX is under valued. The merger represents the amount that would equally recognize that under valuation. No one is winning or losing.

The only real question is do you think STX can close the gap on valuation, in which case WGO holders stand to double their money, or do you think 20c in the hand is a better bet?