re: Ann: WESTERN DESERT SECURES 100% INTEREST...
I tend to disagree on that one. I thought Itochu was a good solid JV partner to have and when I heard the news I wondered where they would get the extra cash for all the required drilling and infrastructure. I would have thought about getting back in one day but this has added an element of risk to the whole equation and also the fact that there will need to be significant investment to get the port infrastructure going.
WDR Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
