Agreed rooey, and i am now of the opinion that the setting of the 6m option is NOT going to be a problem, becuase now it is just being set by a seismic onwership agreement/title which is not slowing up either WDS or PCL from progressing their seismic evaluation - i assume. surely they are not sitting around awaiting for the clock to start the 6m option. - which is completely opposite to what i was thinking in many of my earlier posts.
the 6m option could very well become irrelevent the longer the seismic ownership takes to sort out, other than if it were to continue past their final evaluation and readiness to ann targets contingent resources etc etc then that might cause a delay - but surely it is not going to take that long.
i see now the 6m option as only a cushion for WDS should things take longer than they predicted and that they will ann their targets/resources etc etc when they have that info and approval from board to move forward - and that timing is independant of most other things.
we await updates though would be nice.
PCL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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