re: Ann: Withdrawal of initial T/O and announ...
now that the market knows that they are genuine, the price will/should trade at 40 or better on monday in anticipation of a counter offer from another party.
it traded at a discount previously because, a, LB did not own any shares, and b, the market was wary after the Petrochina debacle. This time is different. We have a hostile bidder there with 19.99% now and we have Mitsui and Santos sitting in the background. The market WILL start to price in another bid or a higher bid from LB.
WCL Price at posting:
33.0¢ Sentiment: ST Buy Disclosure: Held
