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Trading Halt, page-136

  1. 16,272 Posts.
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    kkw

    Well said. I've been out all day and unable to trade or comment. Without having read the WPL announcement the other thing that we should remember is that this price is for RESOURCES not RESERVES!! That's an OK price in that case ... dounble it for when its reserves (soon?) and WPL ave done a great deal. And once we have reserves this deal says they will be valued at more like A$5-$7 at the very least. I also suspected WPL would buy in but was more expecting they might help fund FAR by taking a stake in FAR. This is probably better ... they wouldn't have bought in if they didn't have clear plans to develop the assets!

    H

    More once I have read the announcements and commentary.
 
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