it's now "game on"!, page-3

goodaye Ya - mate, you did not get in on the action?
hurry up, there is still time. I will save you a seat.

I just posted that the Board of WCL, controlled by NHC and EIT, have stated that the bid at 36c is "manifestly inadequate".

so those two will not accept at that level.
But I agree they will accept at SOME level, but what?

I have been given to believe that the GSA alone is worth way above that L/B bid level, and that the price needs to take account of the reserves over and above the GSA requirements.

and I think that is what todays Preso was all about!

I really don't believe that NHC and EIT are the "low hanging fruit".
In fact, they are certainly the ultimate prize.
Once they accept, WCL is a goner.
We all will sell.

L/B, or maybe Santos or GLNG, will do a deal with those two, and WCL will be gone.

I will be happy with anything over a $1 (yeh, I know, buckleys)

cheers