CUE 5.00% 10.5¢ cue energy resources limited

someone building a position?, page-10

  1. 6,951 Posts.
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    re:is wgr building a position in cue? Firstly I have no inside information or any other whatsoever . I have guessed .
    WGR is a trader ,and likes shares with a Net Tangible asset position higher than the share price on a NPV basis with say a 10 % discount factor. They seem to also like good management or lucky , or management who were in the right place at the correct times.They have cashed in their chips on VOY and ARQ and have plenty of cash and could be looking for a target for another 'feed'.
    So Cue comes to mind as I have noticed posters other than me think CUE is stuffed full of undervalued asssets.Some say assets in Indonesia and in PNG are not thought much of . That is Rubbish in my opinion . ue is also in bed with an 'Elephant' Santos and they need to increase their income and asssets . Cue also has some clever larger investors , Mr Tweedie of New Zealand fame and Mr Albers who is very brilliant.
    So That is my guess . The 'Elephant' could roll over and take them over as and when a sensible price could be negotiated to have the necessary acceptances and that may be at a far greater price than the price at present.
    I do stick my neck out aalthough I am wrong so many times but it can be interesting to read the replies .
    Do not forget that everyone should consult their own professional investor as I am not advising any one.
    Best wishes
    B2
 
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Last
10.5¢
Change
0.005(5.00%)
Mkt cap ! $73.36M
Open High Low Value Volume
10.5¢ 10.5¢ 10.0¢ $9.25K 90.73K

Buyers (Bids)

No. Vol. Price($)
5 219063 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 150988 3
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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