Club Mulgoa

Sunday, May 18, 2014

WCL

Strange that no one was really interested in this company with gas acreage in Queensland.  A Chinese company bid around 40c and its share price was at 28.5c.  Santos is interested in its gas and signed a contract with it.  Even then its share price was not going north of the bidding price.

I topped up at 28.5c when the second bid was announced.  Because I did that, my average price is now around the current market price.  I bought when it was much higher.

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