WGO 0.00% 35.5¢ warrego energy limited

WE 5 Production Test, page-26

  1. 7,151 Posts.
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    Why?.... it is in no way beneficial to stx own Sp or cash balance to keep 50pc of we cheap... It will only serve to anchor stx own Sp. ...especially if, having spent 22m, they need to raise agsin
    Plus the only way is to sell or lend to shorters, last thing stx want to do at this point is give wgo directors a cheap base to set the start point for their wgo peers performance freebies, hence some good news before wgo Egm had to be released. ...afterwards maybe short to inhibit performance and dilution to Scotland.

    It would be a dangerous game as they would serve to keep both partners cheap and they could both get taken out.. ?

    I think they are just keeping options open at this point as someone else said... In case se. Does/doesnt work out.... Just my musings... I have no idea what stx are planning, but they demonstrated their opinion that we is a great asset and wgo were undervalued.....
    Stx were undervalued yesterday based on this news Tc
 
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