My vote for point 3 - yes opportunistic. However I wouldn't say they don't have a coherent strategy. they just saw opporunities and took them. A lot smarter than HDR who sold them the stock in ARQ. Note they also cashed out of VOY and I understand they took that stock partly to form relationship wth guys at VOY who they respect.
I think they'd rather take JV positions in producing wells but if they see other opportunites (like those with ARQ adn VOY) they'll take them. Good and reasonably substantial fast profits - nothing wrong with that.
Possibly they have some other opportunities on the boil also and would like to have their cash ready. Amnyoen hear anything?
I hold WGR and CPC.
My vote for point 3 - yes opportunistic. However I wouldn't say...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $40.31K | 261.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 5168189 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1855558 | 22 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |