If I was management and wanted the deal to go through, I would be lobbying the port authority to terminate LNG's contract at June 30, as per the current extension. Then we will see how unconnected this "second" offer is. I don't imagine the thought of Petro buying the Molopo land, being engaged with WCL and having access to all of their experience and expertise on the same coals in order to produce the Molopo asset, and then losing the Fisherman's Landing project through lack of gas being too appetizing a thought, imo.
WCL Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held