wal management lack of disclosure, page-22

Acecant,

I can totally understand your thoughts.

But with the buy back @ around $0.45 when considering WAL holds CLR shares to the value of $0.53 plus the Coal tenements and other assets. (After the 7.2 Million shares are issued)

We have the CLR data room open and nobody would make an offer till the issue of 7.2 Million shares is resolved.
WAL is a cash cow with $29 Million in CLR shares

I would like to think with a detail plan, direction, structure drilling campaign etc which is why we are suspended shareholders will no longer be lost.

By biggest issue is only 59 Million shares on issue, currently off the markets radar and approximately 70% of the shares held buy the top 20 therefore Illiquid.

Which implies a small friendly loyal group owns WAL.

Sit back for a few months and make a decision after we see the New Direction and the possible CLR takeover after all Gina Rinehart has been buying CLR. (CLRs 1 Sept Announcement.)

Fustrating but Rome was not built in a day.

Please DYOR.