I have said it many times. They would be much better to merge with STX as they get to go along for the ride with the greater erregulla area resource.
A CR here would be more than a very poor result for shareholders (huge dilution) and would be almost negligent as to forward forecasting of cash requirements from management.
They are far better to go down a path of JV wealth creation in what could be a VERY large overall basin resource. It makes you wonder what WGO management are thinking that it hasn't happened already !
And I am a WGO shareholder.
IMO
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