RE: Topped up11 Nov 2022 12:31
I see this as great news for Prospex here is why.
It is understandable that an Australian company wanting to buy Warrego is only interested in the Australian Assets.
There are now actually two bidders now for Warrego.
If the Spanish assetts are sold then they will have a value. A potential buyer could be Prospex who could do it tomorrow if it was Prospex paper, both bidders for Warrego have promised and uplift to Warrego shareholders if/when the Spanish assets are sold. Mark Routh is a director of Warrego and Prospex.
Alternatively another company may take on or partner with Prospex or may even want to take out Prospex.
So other than uncertainty I am surprised that this news has not moved Prospex to 15p rather than a slide. nothing as MR clearly states has altered in either of the Spanish assets.