TH, WFE looks like it is going to be the next small cap iron ore stock to fall into foreign hands, the chinese/japanese/koreans/indians are just fed up with the likes of BHP/RIO/VALE and their dominance of global production and are willing to snap up smaller plays with longterm views of producing their own supply.
WFE should over coming weeks make a run for PX Steel's buy in price of 20c and then await either takeover news or the independent valuation report, certainly a good trade to be had from current levels.
Webral, was watching Locantro on YMYC last night, must say I enjoyed his refreshing take on the spec sector, he certainly is one of the HC oldboys.
