Strike and Regal bought around $40 million worth of WGO shares at an average share price of above 20c. The $40 million spent represents around 26% of the current market value (compared with around 14% of their actual combined ownership now).
Strike bought after drilling WE2, WE4 and WE5.
The chairman put 250k at 22c.
Regal continued buying after the reserve announcement.
Yet, we have smaller holders keep selling at around 12c.
Do Strike and Regal not know WGO's assets/management?
WGO Value Puzzle
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