the next fmg

The facts : WPI has a 2.2 billion tone exploration target ( so far )
True stone capital underwrote the 5c placement, London based fund,
( 250 billion pounds under management + 50 billion in the war chest)
GWR picked up part of the shortfall 12 mill. shares for $600k
( lucky and switched on )+ cashed up
Golden West Resources Limited (ASX Code: GWR) is pleased to announce that it has acquired an 18.6% interest in ASX listed company West Peak Iron Ltd (ASX Code: WPI) by participating in the placement of shortfall shares in WPI’s recent entitlement issue. GWR subscribed for 12,000,000 shares at a price of 5 cents each equating to an investment of $600,000. WPI has invited Mr Kong Leng (Jimmy) Lee, a director of GWR, to join their board.