I think people are starting to realise that big money has poured...

I think people are starting to realise that big money has poured into wds by pala. they are near the point of formal takeover. Do some research into how pala operate. they dont end up being passive investors.
Also with transfield buying out a mining services company in qld , whic if you compare to wds = wds share price approx $1.40 (rough calcs)
We may break 80 tomorrow if strong buying continues, then $1.
remember all the csg contracts to be awarded over the next 24 months, they did a cap raising at $1.70 on the strength of csg future.
Now wds is a leaner organisation...maybe the cap raising price is a 12 month target? Pala would do very well if that was the case.
If a t/O was announced, i dont see anything under $1.20 at this stage of having a remote chance of succeeding...
Still may be time to accumulate some before the big surge...