I don't believe any of us, especially us long term investors, wants to see the share price slip.
I would rather see the company become a much bigger producer than currently and see it supply copious quantities of gas to GLNG.
But..Energisme, if another take over offer was made, would that be so bad? we've told that last lot to bugger off. Why wouldn't we - a conditonal offer to make a conditional offer is just rubbish. You would have to think that next time round any offer made has to be far more serious than that.
I always thought a deal with BG would occur, given the historcal links between the two companies. So a GSA with Santos and their crew certainly put paid to that. Out of an interest that is genuine, do you think that any offer for a take over now made by someone other than Santos, would not be met with a counter offer from Santos?
I just can't help but think that we are now in a far more certain position now than what we were in prior to the GSA being announced. Surely Santos signing on the dotted line is a vote of confidence for all of the WCL crew camping out just off the Queen St Maal.
WCL Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held