Trying to work out how to phrase this without upsetting everyone. Also I COULD BE WRONG.
The story just has a a bit of a wiff to it for me. Reeks a little of "Steve we're dying here, do something!!!!!"
What happened to Matt Fittall and his team of geologist and geophysicists from 16/6/2011?
Many of you here that contact me directly know I am not as hot on WHN as I once was (they have hit my valuation). But I continue to have faith that their is management skill, good assets, value and upside in WHN.
Disclosure:
I have sold down most of my holding of WHN, this is probably not a surprise to most I guess that have been reading my posts over the last few months (years). My position was at the end of 2010 that WHN should be worth somewhere between $40-$70 million and something like $150-$200 mil prior to spud. WHN hit the first milestone at $70 mil. I now need to consider when is the best time to re-enter in the next 18 month prior to spud.
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