I know it is just business, but the two biggest shareholders have sold out the company at a bargain basement price. They knew that they were the "kingmakers".
Why did they sell?
I still think WCL business case is sound - very much so.
But I hate the fact that a new overseas investor, with no CSG experience, with no Aust business experience will now become the controlling shareholder.
I still think WCL has a very good business case - another 12mths will see a different and far more valuable company - and now LB will get the benefit of that.
WCL Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
