Ann: Trading Halt, page-16

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Guerilla

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05/12/17

10:50

Post #: 29375984
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Originally posted by psi81 ↑

I agree about fiduciary duty - but the SXY approach was downright insulting. There is always a risk that a predator will go hostile and a few major holders will sell out just to cut their losses. I don't think that's in the best interest of holders.

We are still in a weird post-GFC world where a lot of resource and energy companies with solid projects just aren't valued properly by the market and can't attract the institutional support or capital. But that can change pretty quickly - COE is a good example of a company that was on the nose for many years until they picked up Sole, and then all of a sudden investors poured in. Waitsia is miles better than Sole - it's onshore, cheap, much larger and much longer life. It doesn't have the gas crisis prices that Sole will have but Sole has been known about for decades and never been developed - it needs these gas prices to work. Waitsia will more than match it for value and it will do it in a low price environment.

This will be enough funding for a BOO model like they said, where somebody else will build the gas plant and operate it. But I actually hope they go it alone with BPT and build it themselves. I think they will need about $150M upfront to do that, net AWE.

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'There is always a risk that a predator will go hostile'

Following the withdrawal of its indicative proposal to acquire 100% of AWE, could this scenario now apply to CERCG ?

DYOR

Last edited by Guerilla: 05/12/17

AWE Price at posting: 70.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Trading Halt, page-16

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Sales growth pushes Lovisa's fortunes (and shares) upwards

Scientific conference spotlights PYC's work on blindness disease treatment

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels