"would they pay $43m for MPO assets 4 weeks before they lodge a proposal for WCL?"
Not completely true Jake as you may be aware LNG made the first tilt and it would have been with the support of their partner.......Petro....... so to say "you can guarantee that the Chinese would not look at the WCL data for only 4 weeks, then make a proposal! More likely they have been conducting some form of research and DD on WCL for greater than 12 months as WCL said early on 16th feb in reply to ASX continous disclosure query: "the potential acquirer first wrote to Westside to express interests in a potential transaction involving an acquisition of 100% of Westside on 20th January" They did not suddenly make this decision the day before without research in some form and it would have been over weeks not a day or two.......... Don't Molopo flagged Mungi sale in 2011 so could well have been looking at both for quite sometime.......
WCL Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
