STX + WGO = ENORMOUS, page-37

The SP of both STX and WGO are greatly affected by both the crash in the overall share market and the related crash in the POO .
STX has seen that at the moment is an opportune time to take over WGO that has potential funding problems.

Maybe they can sweeten the deal with a cash component .
It might reduce the dilution while the STX SP was itself undervalued .
Depending on the level of cash in the deal they may be short cash for the next drill but by doubling the resource and simplifying the ownership structure and removing the management costs of one company they could delay the drill or be in a better position to do an offtake deal to bolster the kitty .

I think a TO is an obvious way forward but the price offered is too slim .
A cash component in this market might make a difference .

WGO may not be available for STX to try again when this market upset settles .