Good luck for tomorrow or Tuesday everyone The talk of a CR which has come from STX posters is a distraction. I think they will raise some cash as some stage - probably either post drilling and flow test of all wells or post resource booking , but whether the raise 20, 30 or 35 it won’t change the fact that the company will continue to be manifestly undervalued. I am not sure why the fascination with a CR, is it as simple as the fact the broker with the highest target on STX has given WGO and even higher target. Talk of CR appeared straight after this research . Could it be simply that WGO is relatively a lot cheaper . STX 38 - upside target 55 wGO 26 upside target 70c
WGO Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held