I don't know much about Chinese approvals, but if we assume the article is accurate to the extent that Chinese approvals are the cause of the delay (and this does fit together with other bits and pieces of info, e.g. Angus being in China over Xmas, etc), how long would it normally take for such approvals to be granted?
If the DD period finished towards the end of Dec, would Petro have sought govt approval at that point?
What I am getting at is that it has been just over a month since then and perhaps it is normal for Chinese govt approvals to take that long?
In any case, the positive part would be that this all implies Petro is wanting to do the deal.
WCL Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
