"...WCL need to get off their backsides and take the 52 cents...

"...WCL need to get off their backsides and take the 52 cents imo...."

And that's the problem for WCL - no Offer has been made.

Whilst we know that the Proposal is still current (and negotiations are still continuing), we know that if that was not the case, and the proposal discussions were terminated, then WCL would have notified shareholders via the ASX.

So the corollary to that is that IF a Formal Offer had been made, then WCL would have to release that info to the market.

Ergo no Offer (capable of acceptance) has yet been made.

So WCL directors cannot "accept" an offer which has not yet been made.

I think we can be sure that IF an Formal Offer is made, that WCL will immediately make that info available via the ASX. Probaly have a T/Halt. But an Offer needs to be made first!

We simply do not know if WCL are even talking pricing yet? maybe they are still discussing issues relating to their D/D investigations?
We simply do not know.
And thats why the SP is drifting lower, and lower.
A waiting game......ZZZZZZ