re: Ann: NHC: Acquisition of 7% interest in W...
Rights, not SPP.
All I gotta thank is New Hope Corporation. One must think, NHC has some many companies to pick from like BOW, MPO etc, but they pick WCL. New Hope bought AOE shares (17% stake) at 58c back in 2006. Today its trading around $5.10, subject to a takeover of $4.70 and one Dart Energy share.
WCL has a great future ahead. Our Galilee Basin holds alot of potential for CSG. Our partnerships with one of the best companies in Australia is a strong endorsement of WCL, which JVs with BG Group (through QGC), Mitsui Australia, and now New Hope Corporation.
We, WCL, have been undervalued for too long. We make our stand now. Thank you management and New Hope Corp.
WCL Price at posting:
52.0¢ Sentiment: Buy Disclosure: Not Held
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