“Also CR will affect both parties, not just WGO, STX couldn't even raise enough funds in their SPP. Both companies need to raise funds, that much is inevitable”
STX have already raised their 30m. The SPP was there to give retail shareholders some participation. It wasn’t needed for the forward strategy. They are cashed up for the main strategy.
WGO have to come up with their 50% of any EP469 spend now and will need to raise funds to do so.
I am not saying they can’t, but with the issues they have (previous post) in their way it may be a more difficult task.
But good luck to them. They may have a white knight ready to unfurl something from left field.
They would want to unveil that quickly though IMO
WGO Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held