Regarding a few points raised,
It was expected the Mauritanian goveremnt to buy in.
I was stunned when they only chose to go 12%.
The point is about Sterling.
Have a look at the post over the weekend.
One of HDR's other interests in Gabon is with a company called Fusion which was taken over for a whopping 38 mio GBP at the time. At the time we had nothing concrete really released regarding Mauritania.
Fusion had and has a 4.6% interest in ..... have a look at the drilling report Mauritania.
Lucky door prize who took Fusion over for what seemed a massive premium for their 4.6% stake. Sterling !!!
Now the same parent company of the smallest holder has gone and turned around and provided funding to the government. A quasi back door way of getting a bigger share ?
As to the question about disclosure.
Not even a question there. Commercial interests come first, so they are under no obligation to disclose anything. Especially of a sensitive nature.
Sorry maybe about letting the cat out of the bag.
Funny thing when the smallest partner increases thru a back door method like this.
Maybe it was all planned but without any inside information, well who knows. Could have been all blessed by WPL for all I know, but my reading between the lines would suggest not.
If anyone was going to do it, well Woodside would be the one. Its like a tiny miner making a bid for BHP.
Then again stranger things have happened.
Again read alll disclaimers on original post.
Just a theory of course.
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