FAR 3.03% 51.0¢ far limited

60% may be the absolute magic number to gain outright control...

  1. 6,090 Posts.
    lightbulb Created with Sketch. 93
    60% may be the absolute magic number to gain outright control but 50% is still a very nice level of control.
    No one can usurp you if you have 50%.
    My reasoning has always been based on the fact we are so cheap.
    This is a once in a generation opportunity to grab 50% of a find like this at never to be repeated bottom of the cycle prices.
    The fact WPL managed to buy 35% at distressed prices enables them to pay a little more for our 15% to solidify their position.
    It seems like a no brainer to me.
 
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