update needed, page-27

G'day Tui,

Noted your quality posts here and elsewhere for quite some time.

But lets keep mindful of time frames around LNG export from north Qld.

Why, here we are almost mid 2012...and you say you'd wait another two years (mid 2014) to realise 'over $1' for your WCL share. WELL over Tui I hope!

The ships will be at anchor waiting to enter port by then, well maybe not quite...but they'll be ordering the latest charts of the Gt. Barrier Reef won't they, if you get my drift.

Anyway, I doubt it will come to that sort of wait Tui. Of course, LNG isn't going to play up WCL's strengths to the target's own shareholders. With a foot in both camps, I can only smile wryly at the games at play.

Others are posting astutely here regarding volumes traded and potential percentages held prior to cementing a firm bid, so no need to replicate.

Rest assured, establish the best possible foothold from which to commence negotiations, and I'd bet London to a brick LNG's chinese friends commenced buying on market before today.

Leave you all with it, lets enjoy the ride!

Rgds,

Lilac

Disclosure ~ hold MEL, LNG, EPW & WCL in this sector