Yep the dots were AK handed WCL these tenements for 3.5 million shares at about 45c (share price mid 2010) having gained the tenements through his private company Nazara P/l
Mitsui subsequently farmed in for $1.6 million.
20 plus tcf was being bandied around so no one really blinked about why the Chairman at the time would exchange $ 1.75 million in shares. I wonder what they cost him in the bid?
It does seem a bit co-incidental does it not that he resigns y'day and then they make this statement.
Agree we are well to be rid of them.
WCL Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
