so the L/B Offer is still Conditional.Whilst they have satisfied...

so the L/B Offer is still Conditional.

Whilst they have satisfied their conditions relating to gaining the two Chinese Govt approvals they needed, they still have conditions relating to:

- gaining acceptances for 50.1% of WCL shares
- all those other Defeating Conditions listed in Schedule A page 35 of Offer Doc.

But they can now declare the Offer unconditional at any time now.

Take care, because once they declare that the Offer is Unconditional, they can keep all the shares they receive under the Offer.
So if you accept L/B offer now at 40c, then Offer goes Unconditional, then L/B keeps your shares and you only get that 40c.

You will only get more than that 40c IF L/B increases IT'S Offer! And they just may or may not do that - who knows?

So if Santos or someone comes along and Offers 50c , then you miss out !!!

Someone like Santos could come along and offer say 50c, and L/B might just sit on their parcel of shares, and let Santos pick up as many as Santos can - and you are stuck with your 40c.

So imho, I would be far, far better to wait, and make my decision whether to sell to L/B until just before their Offer expires, which is currently scheduled as 24 June.

Because L/B MUST by law, keep their Offer open until that date.

IMO only, DYOR , get your own financial advice, I am just a s/h like you.

cheers