Great post Jujm and as a subscriber to being very happy with what we already had and be pleasantly supprised by any upside it fits well with my thoughts.
A little over 3 months ago PE wasn't on peoples minds they were more concerned about how we were going to get 15% to production.... a cheeky deal by WPL and we were suddenly going for 50% and calling COP and WPL as fools...I don't think so..
However I don't agree it was too difficult for FAR to take on PE, if they had the right backers anything was possible and still might be but it does look likely the deal has been concluded so lets see if we get a bone out of it or it gets to arbitration.
Ian's email was intriguing by saying the answers to most Questions would be known on Monday, he was obviously aware of what stage PE was at and lead me to thinking PE and DJ may be dealt with in one package...that would certainly be nice from my perspective as I'm not keen on seeing this go to court but would like to see FAR coming out with something....
Like you I have no issues with WPL they haven't grown to the size they are and also be in a position to buy assets when they are cheap because they don't know what there doing.
It has been interesting to witness the Hype over this, all Management has ever said is they didn't believe the PE process had started for the reason they stated and were persuing it, that simple statement fueled by amazing theories, Malcy tweets, false Malcy tweets, Chinese whispers, rumours of most known Oil Majors lining up behind the scenes and any number of other sugar daddy's , has led to a Major blowout in expectations....most unlike HC...
Well tomorrow we find out where we stand and I for one can't wait regardless of the outcome ...
Cheers Whisky
FAR Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
a cheeky deal by WPL and we were suddenly going for 50% and calling COP and WPL as fools...I don't think so..
(20min delay)