So we have 2 companies sharing most of the same assets and operating under different exchanges. They both pay the high costs of being separately listed companies. This is expensive, administratively complex and really dumb and it is except for one thing. CUE has the capacity to raise funds on the ASX. That has been of value but with the TO by OGOG it isn't. The TO is said to bring certainty at a difficult time for Kiwi Oilers. In other words OGOG is in another financial realm where it doesn't have to go begging for CRs and won't want the dilution. OGOG will consolidate. It will simplify and streamline and of course make more money because all the duplication is costly and inefficient. Moreover, CUE has such a low market cap and is undervalued partly because it was never a TO target, could never be one with a controlling interest with NZOG. That's changed and it will be amalgamated and consolidated. 15 cps is quite possible for CUE.
My opinion DYOR
CUE Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
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