update needed, page-7

I think its worth noting that today the number of trades and total volume traded has dropped substantially away compared to the level of activity seen since 25c shares became tradeable.

Interesting to note, but I think what has occurred so far today preemptively indicates neither a firm offer materialising from anyone in the next five trading days nor LNG withdrawing its highly conditional offer. So at this point I would rate the situation as positive to neutral.

I was in there with ESG to the end. Putting all of the bad sentiment aside that came with the ESG SOA, what is occurring in respect to the trading of WCL shares now has none of the feel that ESG had at its end. There are more buys lined up than sells and this has been the case for the past week. Given the number of new shares issued and the fact that today there is a 88% profit to be made, limited selling today says most of the profiteers are leaving or have left and the balance have paused and are waiting to make their decisions with the benefit of a bit more clarity from WCL management. This to me is a big positive.

We are a very tasty fish, but only very small. If we want to be bait for one very big bite, we need to have patience.