I think clearly The Chinese need to offer more money.
One thing you can't do in a free market is force someone to sell something to you for the price you are offering.
The Chinese have to face the music.
Not only are NHC telling them they can't have the company for 40 cents but so are the rest of the shareholders.
So message to Landbridge: "Stump up more cash or leave us alone!!"
We have drilling going on, on the back of steady production. Westside will get a re-rating the very millisecond we prove we can get the gas out.
What will we be worth then? What is the market cap of LNG Ltd ?? Somewhere up there !!
How long until the drilling results come out?? - months not YEARS !! The longer Landbridge stuff us around, the closer to the drilling results we come.
Landbridge's approach is hostile and cleverly timed to take all the upside for themselves while leaving us long term suffers out in the cold.
WCL Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
