The fact that the share price is being strongly defended at 40c suggests a key player does not want shareholders viewing the LB offer as attractive or the only game in town.
This would suggest another option will emerge and patience will be rewarded. Just a shame those selling at the moment can't see that, although I suppose they could be weak hands who can't afford to hang on, or maybe even nervous types.
These things can drag on but very pleasant surprises can come at the last minute, just take a look at the Australand takeover.
WCL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
