WME 11.5% 14.5¢ west australian metals ltd

legal advice over letter to shareholders, page-17

  1. 1,011 Posts.
    Unfortunately I am too far away to attend but, it certainly is shaping up for a major change to the structure of the company and, opportunities for all shareholders...believe it or not! (Borrowed it from Ripley).

    Given all the good news from Leon and the geo. crew, I hope he has the wherewithall to stick it out if the Board changes are voted in.

    After all, he converted 500,000 options at 10c (see todays' notice), which is either a sign of faith and wants to see it out and make sure he gets 500,000 votes for Monday or, more cynically, is cashing in at an opportune time to sell at a profit before he pulls the pin.

    Be interesting to see if the Chairman converts his options tomorrow as the last day to do so to have an effect on Monday. Might also be his last chance to make peace with the incumbents.

 
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