sp cause for concern, page-45

Hendrous,
All the stars are lining up for a sale of WCL to LNG.
1. The Chinese have obtained further patents for their plant process.
2. Molopo have all but sold their CSG assets. LNG are the obvious buyer.
3. LNG wouldn't buy MPO's assets unless they were going to buy WCL.
4. STO and others are having trouble meeting future production targets. As you say this is playing strongly in WCL's hands.
5. WCL hasn't put a foot wrong in the last 6 months. On the contrary things have got better with Meridean sales climbing strongly.
6. East Australian Gas prices forecast to move higher.

Don't sell eh. Let's hope we can get a fair price. 70 cents would be fair. 53 is too low.