Fantastic news if WCL management have said that 65 cents pre cap raising undervalued the company. A scheme of arrangement essentially needs board approval. One would think we must be close if MPO are essentially saying that a price has been reached in their latest presentation. Maybe a case of Mitsui doing some hard bargaining and maybe wanting an equity stake in the LNG project? (baseless conjecture)
WCL Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
