update needed, page-18

Hi there "ellaishani",

Sorry, I have also read the release by LNG.

Your statement below doesn't reconcile with my understanding of the release:

"They also indicate that the adjusted price for take over of WCL is now 53 cents."


I see it as LNG merely providing the calculation of the takeover offer based on the rights issue alone. They don't indicate this is what they will in fact be offering.

I notice you have taken some very pessimistic views on your posts on this Westside thread. Now you have "ST Sell" sentiment.

I agree, sell up and move on mate, this stock is obviously outside your risk comfort zone.

I maintain my "none" sentiment and continue to wait for the negotiation stage of this transaction. If LNG think they can spook us all with "other options" in a vain attempt to gain our 3p reserves upgrade + boost in pretty plains flow rates for FREE, well I say to them.... "good luck".