all very well having plan B C etc etc, and you point out the WDS process is possibly complicated - pure big Co bureauracy, which of course highlights the potential for WDS to request an extension to the may 31st date.
So what will pcl do then - just say get stuffed - well WDS will take them on if they do - depends a lot on the option contract and is it "reasonable" for WDS to ask for an extension ( and exactly how long is requested)
there is no way WDS would not take some form of legal action - they have spent too much $$ and they recognise the potential under their feet in namibia to onsell at least if they dont drill.
i dislike the way WDS operate, BUT this scenerio, of going to plans b, c, d etc has real risks IMHO and could end up being the worst thing out - no new JV will come in until the arguing has stopped??!!
there is no room IMHO that WDS just decide NOT to form a JV, so they have something to sell!! - but in typical WDS form to date and extension is what concerns me.
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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