re: Ann: WestSide certified gas reserves subs...
"These are not exactly favourabe queries but they should be asked in order to determine if WCL is acting in a position of strength, weakness or even frustration."
Ha, I think we can well assume we have absolutely no strength whatsoever in this negotiation (to the extent there even is one).
Angus played the bluff hand and came out bare naked.
Good results helps to support the price for a while though, so I welcome that at least and am still positive we'll get paid something in the end, whether its 52c or slightly less. I just hope Angus isn't trying to bluff on price again and takes what is being offered.
Petro haven't walked away after doing DD, so they still seem to want the company. The delay has to be either Chinese approvals or price - there is nothing else left.
WCL Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
