In the end, I am ok with what is occurring if only to see AWE management realise that their continued failure to reward shareholders with either dividends or share price appreciation will come to a close eventually. With ORG getting closet to finalising a buy for its assets for sale, I think we will get a clear idea of what AWEs W.A gas assets are worth. I am hopeful that alone will bring greater recognition of AWE being undervalued.
I wonder what sort of other 'strategies' might be brought to the fore to see some sort of outcome to this offer. Shorting...? Could we see an entity take a stake in AWE? Perhaps nothing will come of this, but we will see.
AWE Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held