WGO 0.00% 35.5¢ warrego energy limited

This is crazy. It doesn’t make sense to part ways if they decide...

  1. 615 Posts.
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    This is crazy. It doesn’t make sense to part ways if they decide to commercialise the find and start marketing. What a waste of unnecessary expenses to set up office with all the overheads when we are not even in production phase. Stx and wgo should work together coordinate in maximising the marketing price of the gas and minimising production cost. Think about it for a second, say if only one buyer available then they will be competing against themselves. That would drive down the price. What about the production costs. Already we are spending on costs that we don’t need to. It’s like drilling. You don’t need two companies to be involved with it. I know it’s great to have an office with employees and all that but it sucks for sh and sp. it all translates to expenses and we don’t have much funds in the bank. We don’t want another CR. Sick of paying people. I say it’s pay day for the sh. We have waited long enough. Let’s just sell the find and each of us part our own ways. This company is not going to be BHP. Management has waited more than 10 years to get here. Everyone is too old and I don’t believe have to time to wait for another 5 years to squeeze more from what we can get already. Greed will be the downfall.
 
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Currently unlisted public company.

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