WCL 0.00% 39.5¢ westside corporation limited

"at $0.42 the company is in play"I reckon that mail is nothing...

  1. 1,189 Posts.
    "at $0.42 the company is in play"

    I reckon that mail is nothing more than chinese whispers!

    Why would NHC sell their stake in WCL for 42c when they have held it for 5 years and would be selling for vitually no profit and giving up the chance to see their investment double in a year on the back of a bankable GSA?
    Not sure what their average price would be but I know a lot of shares were bought at 45c or above. Mitchell also bought in at 45c from memory so I feel the talk of directors leaving to tout around their stake is idle conjecture. I recall AK was telling people he thought the stock was worth more than a $1 a share when LNG ltd bobbed up with the first indicative proposal so I also don't see how he is now thinking 42c would be fine.
    Whatever happens good luck to all holders- I think we deserve a bloody big win having held this through thick and thin.




 
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Currently unlisted public company.

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