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Hi raw, my gut feel is that the share price is still too low for a potential takeover. The stock has gone basically no where since IPO and I think the key shareholders have put it too much sweat and tears to let go off their shares at the current levels; especially now when things are starting to turn for the better.

I think WA is a great opportunity. Costs have already but put down so any expansion would be quite profitable. Also oil prices look to be staying under $50. Obviously the biggest factor is the pax on the traditional network, if its true that things have bottomed out then things are certainty looking bright.

http://chasingvalue.com.au/