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Ann: David Biggs (ex. AWE CEO) to be appointed Director at EGM, page-14

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1,871 Posts.

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25/01/19

10:43

Post #: 37221939
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Originally posted by Joel_Gee ↑

Originally posted by Second
^ the market has made sure that cheap shares aren't on the table now with our present .5 equaling the price of the flagged 10 cent SP of the new entity after 20:1 consolidation.

Leading up to drilling 1.2 cents (24 cents for new entity) was good support before the SP was marked down to fail.
2 cents (40 cents) pre spud is possible,IMO.

Our new Director may well have been the mystery buyer after learning or his new appointment being secured (pending EGM vote). He'd be pretty well cashed up after the AWE TO and would only be looking forward and not care about what's gone on here in the past and probably has a lot of confidence and knowledge of the region,the operator and WE well.
His holding will be disclosed sooner or later.Nothing wrong with him buying on market if so.
I thought that the $0.1 share price on RTO completion was just an example? Is there any reason it can’t be higher?

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I thought that the $0.1 share price on RTO completion was just an example? Is there any reason it can’t be higher?

Expand

The SP then could be anything,the market will decide that..
But...
10 cents was mentioned as the likely CR number in the RTO documents.

PRL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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