I think the current action is a bit of shaking of the tree. Trying to weakin shareholders resolve so that when another offer comes out they will be more ready to take it.
I just can't beleive that Wah Nam have just given up. I feel that they will be back with a revised offer.
I also cannot beleive that Wah Nam made the offer to get a higher offer from someone else. I beleive they are serious in trying to get the companies, and then building a railway like Fortescue have.
I beleive they will be back.
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