wmr board to kill share price ???

I read with alarm that WMR may proceed with its Iluka bid while the Xstrata bid is in play.

The WMR board have done little to increase shareholder value since the WMR/AWC split - the only value add has been thru increasing commodity prices. And now when we may see some decent return on our investment they seem intent on stopping it. Their initial recluctance to even disclose the bid to shareholders is also alarming.

May I remind the WMR board that one of their main jobs is represent the interest of WMR shareholders - right now this should involve extracting a better offer from Xstrata or another bidder, not forcing the bidders to walk away by chasing Iluka.

Their behaviour since the start of the Xstrata bid does not give me a lot of confidence. It is starting to remind me of the behaviour of the GIO board during its takeover and we all know where that ended up.