Hi there "ellaishani",
Sorry, I have also read the release by LNG.
Your statement below doesn't reconcile with my understanding of the release:
"They also indicate that the adjusted price for take over of WCL is now 53 cents."
I see it as LNG merely providing the calculation of the takeover offer based on the rights issue alone. They don't indicate this is what they will in fact be offering.
I notice you have taken some very pessimistic views on your posts on this Westside thread. Now you have "ST Sell" sentiment.
I agree, sell up and move on mate, this stock is obviously outside your risk comfort zone.
I maintain my "none" sentiment and continue to wait for the negotiation stage of this transaction. If LNG think they can spook us all with "other options" in a vain attempt to gain our 3p reserves upgrade + boost in pretty plains flow rates for FREE, well I say to them.... "good luck".
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