re: Ann: Withdrawal of initial T/O and announ... Another element...

re: Ann: Withdrawal of initial T/O and announ... Another element that I feel that everyone is forgetting: Mitsui. I cannot imagine that they would be happy with the prospect of a 'nobody' coming in and assuming majority control over the Meridian asset. If the future rate of return for WCL renders the 36 cent non-offer as manifestly inadequate, then one would assume that Mitsui would also have to be running the ruler over WCL.

Landbridge
GLNG
Santos
Mitsui
Petrochina
New Hope
Portfolio gas players
Other LNG proponents

This could get mightily interesting; but kudos to Landbridge; that is now one hefty blocking stake. The question of the day is - what is their intention? This could simply be a case of recognising an opportunity and utilising financial clout to pull off one heck of a short term trade. Santos cannot be happy with this, and you can bet your bottom dollar that Landbridge would be well aware of that. Bring on Monday.