You have to agree with a lot of the criticisms put forward by Landbridge, the Target statement (TS) had bullet holes all through it- excuse the pun.
You have to wonder why the TS was rushed out in the fashion it was.
Still doesn't change the dynamics one bit however, because it is all about who controls the gas we all know is there. What IS of interest is the decision of Shell/Arrow regarding the sale of their gas to the Gladstone LNG players and how that impacts on the need for any of the players to own WCL.
Perversely, we would probably all make more money if all the potential bids fell over, because they terms of the GSA are soooo favourable to WCL.
Still have my money on 50 - 60c winning bid by ???????
DYOR
WCL Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
