WCL

According to The Australian, the PetroChina is prepared to pay 52c per share for WCL and the board is looking at the offer.  Yet, on the market, it is going for 42c.  So I topped up today.  Am I wrong?

I have bought at over 75c with my first tranche in 2007.  In subsequent years, I have topped up at lower prices including rights and new offer at 25c.  So I am at about 45c average.  If a Chinese company is prepared to pay over 50c, I would be happy but I expect a bidding war to break out.