The 25% drop has been on very low volume at least.
Having said that, you are right veeone that the share price implies the market is thinking there is a low probability of a deal going ahead.
What I am trying to say though is that if it is indeed Chinas govt approvals that are halting the deal, then it implies Petro are otherwise wanting to do the deal and are just hanging in there for the approval.
If you believe the govt approval delay is just a matter of red tape, then this is a better position than wondering if Petro want to do the deal at all.
or maybe I am just trying to find some positives !
energiseme - I heard from someone who has spoken to Angus
WCL Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
