Yes, we want their money, but WDS is also very tight with their money; I think that's why the merger talks with STO fell over recently.
But it goes both ways, being so tight with their money, and yet spending 36 million to do the Seismic must be taken as a very good sign; and then to do the additional bit with no extra cost to PCL.
60% is already a good holding. Even the bigger boys like to spread the cost around a bit and if they do want some more, they must really be confident.
PCL Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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