Vote to accept BPT's, pay your CGT and enjoy what's left from the 20c post-tax!
- In meantime you've lost a chunk through CGT
- and will likely reinvest the net proceeds if you don't need it, by buying something else but of less overall value to the prior WGO value due to the CGT event.
Hint hint...
- Accepting instead the STX offer means you've lost no value through taxes (no CGT)
- and can wait out the maturation of the fields to get to production and thus realise a better value of the initial outlay you put into WGO which would now be merged and part of STX.
- STX is in "producer/production" category for one of its fields early next year.
Another few good reasons not to accept the BPT offer from Barrenjoey, page-9
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