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35.5¢ warrego energy limited

Ann: Warrego enters into Scheme Implementation Deed with Beach, page-202

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melburnian

2,562 Posts.

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16/11/22

10:24

Post #: 64800671
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Originally posted by LePok: ↑

of course it may happen but in the absence of a real concrete offer the 20c is the best one on the table, have stx stock which has also lagged for years and they will need to do a capital raise soon as have no cash is not such a great outcome, it seems there are many STX holders who are promoting it as if its better value, it might be on todays share price but after all the dust settles who knows,

STX share price is undervalued but that itself begs the question so why are they offering undervalued stock vs cash and the answer is obvious STX has no cash! nothing concrete to offer WGO shareholders other than to languish with them until and if they can raise equity and raise again and again until they become a producer

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Enjoy your 20c buddy STX will make 20 million plus from this deal and you get to pay CGT on a pitiful investment. BPT announce no intention to buy strike. You're done at 20c and it trades at 21. Lmao what a joke.

Last edited by melburnian: 16/11/22

WGO Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
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