AWE down because ORG obviously couldn't get a buyer for its Waitsia share which tells the market that it is not an attractive asset.
AWE does have a significant share in the assets ORG is selling so any player wanting scale could lump AWE and NewCo together to form a bigger unit with consistent assets.
AWE could be a target.
AWE Price at posting:
63.8¢ Sentiment: None Disclosure: Held