WBE 0.00% 0.6¢ whitebark energy ltd

TSV-Montney 'friendly' takeover offer, page-15

  1. 148 Posts.
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    Agree what a pleasant surprise. I also thought that management would just bleed us dry.
    Guess they deserve the 2.8m options they gave to themselves.
    Guess the management of WBE will continue to do it to us in WBE unless we get lucky with Xanadu.

    Based on the current CE1 share price of 4.8 cents this equates to circa. 40% of my purchase price.
    I note that CE1 shares have fallen since the offer was announced. Hopefully it can hold or even increase in the current bullish oil & gas market rather than fall. Time will tell.
    Need to research CE1 and decide if they are a hold, sell or part sell/part hold. The risk is the weight of all the disappointed shareholders in TSV who received TSV Montney shares (i.e. we mostly will have very large losses) will all sell the CE1 stock at one time and significantly reduce the share price of CE1.
 
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