silence, page-2

My disappointment in this SP continues to grow everyday.

I wouldn't be surprised if some larger investors are selling to keep the price at or below $1.20 so that WP picks up the retail entitlement increasing their stake to 40%+. WP with 40% stake may lift confidence and may drive WP to take a controlling stake sooner rather than later.

5-10 million shares traded each day the last few days, WP might be buying some of this as well - not going to be hard for WP to get 50%.

I hold based on:

Retail entitlement offer closes Monday
WP will get control soon
AUD showing strength helping the commercial vehicle division
NZD holding above 80cAUD
Debt down to $1.6b
New contracts picked up last year to contribute this year

Demand for base metals appears to be picking up do we know if the same is happening for scrap and other recyclables?