wal management lack of disclosure, page-7

Redman,

I was advised by my broker of the extra 7.2 Mil CLR to be issued to WAL.

I have spoken to the management requesting clarification ASX announcement considering the CRL data room is open and I was advised it would not be announced toll the 7.2Mill shares are allocated. (WAL advised they have already advised the market)

Like you I disagree.

We have two options.
1. You contact WAL requesting an ASX announcement.
2. Contact the ASX and express your concerns.

My thoughts are that during November the QLD Gov should rubber stamp the deal then the share price should/will be rerated. But it is interesting if some body wished to pick up a 14% stake in CLR plus other coal tenements a winery etc WAL is very cheep.

I also feel WAL has been sold down on very little volume due to Europe and it is an opportunity to buy WAL if you can (Liquidity) with a say 90% guarantee it will be rerated.

We should be very happy investors by xmas espechelly if CLR is taken over.

Thanks for your comments.

Please DYOR.